When Naci Ağbal, head of the Turkish central bank, hiked interest rates on March 18, markets responded with kindness. The value of the Turkish lira shot up by four percent. Within just four months in ...

Turkish lira in free fall: New record lows despite drastic interest rate hike By Investing.com - Jun 22, 2023 1 Investing.com - The Turkish lira, which was already under heavy pressure ...

The Turkish lira crashed to a record low after Donald Trump’s swearing-in and as traders wait for the next interest rate decision. The USD/TRY exchange rate rose to a record high of 35.60 ...