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The Turkish lira hit its lowest value of the year after the central bank again refused to raise interest rates to fight rising inflation and prop up the struggling currency.

The dollar was worth 17.67 Liras when the central bank said it was keeping its key interest rate at 14%.

Turkey's official annual rate of consumer price growth has reached 78.6% and is on track to continue breaking records last set in the late 1990s.

https://m.novinite.com/view_news.php?id=216012

The Turkish Lira Hit Rock Bottom - Novinite.com - Sofia News Agency
The Turkish lira hit its lowest value of the year after the central bank again refused to raise interest rates to fight …
M.NOVINITE.COM
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