The turmoil in the lira this week prompted the central bank to hike the overnight lending rate to 46% from 45%.
- FX liquidity measures have been introduced to limit market volatility
- Mon pol will be tightened in case a significant and persistent deterioration in inflation is foreseen
USD/TRY is holding close to 37.80.
This article was written by Adam Button at www.forexlive.com.
