Published 2 years ago

Erdogan says he hopes Turkish lira will steady soon

Summary by Ground News

Turkish President Tayyip Erdogan says he hopes volatile foreign-exchange and inflation rates will stabilize shortly. The lira shed some 30% over the last month in a selloff driven by aggressive interest rate cuts. Inflation jumped to a three-year high of 21.3% last month, leaving Turkey’s real rates deeply negative.

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Reuters

Erdogan says he hopes Turkish lira will steady soon

ISTANBUL - Turkish President Tayyip Erdogan said on Saturday he hoped that foreign-exchange rates would stabilise shortly and again promised low interest rates, after a historic plunge in the lira currency to record lows. "God willing we will stabilise foreign-exchange rates in a short time period," Erdogan told an audience in the eastern city of Siirt. "Interest rates are a malady that

2 years ago·United Kingdom

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The Star Kuala Lumpur

Erdogan says he hopes Turkish lira will steady soon

ISTANBUL (Reuters) - Turkish President Tayyip Erdogan said on Saturday he hoped that foreign-exchange rates would stabilise shortly and again promised low interest rates, after a historic plunge in the lira currency to record lows. Read full story

2 years ago·Malaysia

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Financial Post

Erdogan says he hopes volatile Turkish lira will steady soon

ISTANBUL -- Turkish President Tayyip Erdogan said on Saturday he hoped that volatile foreign-exchange and inflation rates would stabilize shortly and he again promised low interest rates, after a historic plunge in the lira currency to record lows. Read More

2 years ago·Canada

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Today

Erdogan says he hopes volatile Turkish lira will steady soon

ISTANBUL -Turkish President Tayyip Erdogan said on Saturday he hoped that volatile foreign-exchange and inflation rates would stabilise shortly and he again promised low interest rates, after a historic plunge in the lira currency to record lows.

2 years ago·Singapore

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Al Jazeera

Erdogan says he hopes volatile Turkish lira will steady soon

Turkish president promises to continue his policy of low interest rates despite massive plunge in the Turkish currency.

2 years ago·Qatar

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Latestly

Erdogan Says He Hopes Turkish Lira Will Steady Soon - Latest Tweet by Reuters | 🌎 LatestLY

The latest Tweet by Reuters states, 'Erdogan says he hopes Turkish lira will steady soon ...' 🌎 Erdogan Says He Hopes Turkish Lira Will Steady Soon - Latest Tweet by Reuters.

2 years ago

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