Currency

Turkey's currency slides after Erdogan takes aim at its central bank for hiking rates

1 month ago   |   By Business Insider

REUTERS/Umit Bektas
Turkey's central bank raised its benchmark interest rate sharply Thursday.
The Turkish lira rallied briefly, but fell after President Recep Tayyip Erdogan criticized the central bank for the move.
Follow the Turkish lira in real time here.
Turkey's currency slid Friday as President Recep Tayyip Erdogan took aim at its central bank for sharply raising its benchmark interest rate a day before.
The lira fell as much as 1.6% against the US dollar after Erdogan, a self-proclaimed enemy of interest rates, suggested to members of the ruling party in Ankara he was losing...
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