Turkey’s Central Bank Test Leaves Lira in Limbo

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Turkey’s Central Bank Test Leaves Lira in Limbo

Thursday’s Monetary Policy Committee meeting of the Central Bank of Turkey will almost certainly deliver a reduction the current 24% policy rate. T

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Thursday’s Monetary Policy Committee meeting of the Central Bank of Turkey will almost certainly deliver a reduction the current 24% policy rate. The initial question is just quite how big. But the real question is: can the lira cope?

The Bloomberg survey consensus is for a 225 basis point cut, but the range varies just 50 basis points t […]

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