Goldman Sachs Lower Turkish Lira Forecasts, TCMB Stems Losses by Cutting Cheap Money

The Turkish Lira was broadly higher on Tuesday as markets eased back on days of relentless selling pressure, however it remains questionable whether the losses can be reversed without some hefty interest rate hikes at the country’s central bank.

The Turkish Lira has fallen sharply to new record lows against the Pound, U.S. Dollar and Euro in recen […]