© Reuters. Lira Falls as Central Bank Removes Pledge for Further Tightening
(Bloomberg) — The Turkish lira tumbled after the central bank removed language in the statement accompanying its rates decision on Thursday that pledged further monetary tightening if needed.
The currency fell as much as 1.5 percent to 5.9637 against the dollar, the lowest level since mid October. The policy maker held its one-week repo rate unchanged at 24 percent, as expected.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.