Monday, 20 December 2021

Lira plunges again after Erdogan rules out higher rates

    ISTANBUL: Turkey’s troubled lira shed a further five per cent against the dollar on Monday after President Recep Tayyip Erdogan cited Muslim teachings to justify not raising interest rates to stabilise the currency. Erdogan has pushed the central bank to sharply lower borrowing costs despite the annual rate of inflation soaring to more […]

from Daily Times https://ift.tt/32gREhz

No comments:

Post a Comment

Pakistan seeks collaboration with SCO Trade and Economic Platform

Pakistan seeks collaboration with the SCO Trade and Economic Platform, Gwadar Pro reported on Friday. A Pakistani delegation led by Ali Huss...