13/09/18

Turkish Lira Crashes After Erdogan Attacks Central Bank Hours Before Rate Decision



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Turkish Lira Crashes After Erdogan Attacks Central Bank Hours Before Rate Decision
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After a few weeks of relative stability in the Turkish Lira, the currency many say started the current EM turmoil, moments ago the TRY collapsed after Erdogan decided to slam the country's "independent" central bank.

Just hours before a widely expected and critical rate hike by the Turkish central bank, President Recep Erdogan attacked the central bank for continuously missing inflation targets just two hours before the country's monetary ....

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