erkan

Turkey in an economic suicide mode: “Turkish lira drops to new all-time low after rates slashed

In Uncategorized on October 22, 2021 at 17:54

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Turkish lira drops to new all-time low after rates slashed

Finance watchdog FATF ‘grey lists’ Turkey, Turkey denounces the decision

The Financial Action Task Force has downgraded Turkey to the grey list due to its shortcomings in preventing money
The Turkish Central Bank on Oct. 21 lowered its one-week repo rate by 200 basis points, well above market expectation.

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The post Turkey in an economic suicide mode: “Turkish lira drops to new all-time low after rates slashed appeared first on Erkan's Field Diary.

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