Reuters ahead with Turkey rate cut; lira slides to record low

Reuters was ahead of the competition reporting Turkey’s rate cut. The central bank pushed forward with an interest rate cut […] The post Reuters ahead with Turkey rate cut; lira slides to record low appeared first on Reuters News Agency.

Reuters ahead with Turkey rate cut; lira slides to record low

Reuters was ahead of the competition reporting Turkey’s rate cut. The central bank pushed forward with an interest rate cut that analysts say ignores a dangerous market meltdown and inflation running near 20%. Policymakers – who are under pressure from President Tayyip Erdogan for stimulus – cut the key rate by 100 basis points to 15%.

The post Reuters ahead with Turkey rate cut; lira slides to record low appeared first on Reuters News Agency.