Turkish lira falls 15% after bank governor sacked
The outgoing central bank chief is the third exit in under two years under Turkey’s President Erdogan. …
Ulrich Leuchtmann, head of foreign exchange at Commerzbank, said: “It may well be that interest rate hikes are once again permitted by Mr Erdogan in a phase of crisis-like lira depreciation but the recent developments should have shown currency traders that even then a sustainable monetary policy regime change is not to be expected,” said
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