Business World

Turkey’s lira plunges to new low in anticipation of another rate cut

Turkey’s lira crashed as much as 7% to a record near 15 to the dollar on Monday before whip-sawing back after the central bank intervened, gripped by worries over President Tayyip Erdogan’s risky new economic policy and prospects of another rate cut. The central bank said it entered the market to sell dollars for the […]