Business & Finance
18 November 2021, 3:33 pm. 1 minute
Reuters was ahead of the competition reporting Turkey’s rate cut. The central bank pushed forward with an interest rate cut that analysts say ignores a dangerous market meltdown and inflation running near 20%. Policymakers – who are under pressure from President Tayyip Erdogan for stimulus – cut the key rate by 100 basis points to 15%.
Turkey’s lira sank to another all-time low of near 11 to the dollar on the news.
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Economy & PolicyFX & Fixed Income
Win Types: Speed
Media Types: Text
Customer Impact: Important Regional Story