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Turkish central bank raises rates sharply, boosts lira

Thursday, September 13, 2018 - 01:22

Turkey's central bank raised its benchmark rate by a hefty 625 basis points on Thursday, the biggest such increase in President Tayyip Erdogan's 15-year rule, boosting the lira and possibly easing investor concern over his influence on monetary policy. Sonia Legg reports.

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Turkey's central bank raised its benchmark rate by a hefty 625 basis points on Thursday, the biggest such increase in President Tayyip Erdogan's 15-year rule, boosting the lira and possibly easing investor concern over his influence on monetary policy. Sonia Legg reports.

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Turkish central bank raises rates sharply, boosts lira

Thursday, September 13, 2018 - 01:22