Turkey’s lira slides 5%; central bank says it will monitor forex risks

ISTANBUL: Turkey’s lira weakened for the third consecutive day on Wednesday, tumbling 5.6% and eating further into the huge gains made the previous week, as worries persisted over soaring inflation and unorthodox monetary policy. The losses gathered pace after little initial reaction to the central bank’s (CBRT) 2022 policy document, in which it said it will monitor risks related to the foreign exchange market and … Continue reading Turkey’s lira slides 5%; central bank says it will monitor forex risks