turkey lira

Markets See Possible Turkish Rate Rise in Defiance of Erdogan

By David Dolan and Nevzat Devranoglu ISTANBUL/ANKARA, Nov 24 – Turkey’s central bank could raise interest rates for the first time in nearly three years on Thursday to prop up a stumbling lira currency, a move that would defy President Tayyip Erdogan’s relentless drive for cheaper credit. Twelve of 19 economists polled by Reuters expect

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