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Turkey Holds Rates as Ukraine Crisis Looms Over Its Economy
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wsj.comISTANBUL—Turkey’s central bank left its key interest rate unchanged for a second consecutive month, pausing the government’s policy of interest-rate cuts that triggered a chaotic slide in the value of the lira last year.
The bank’s monetary policy committee said Thursday it left the benchmark interest rate on hold at 14%, in line with market expectations. In a statement, the bank cited “increasing geopolitical risks” in a possible reference to the crisis over nearby Ukraine. The lira had fallen about one 10th of a percent against the dollar during the day as of Thursday afternoon.
Read more on wsj.comAbout this in other media
Ukraine crisis: how you can help from the UK by donating cash and supplies theguardian.com /2 years ago
Jittery investors yank £604m from equity funds on Ukraine crisis: ‘Buyers have gone on strike’ fnlondon.com /2 years ago
U.S. Positioned to Withstand Economic Shock From Ukraine Crisis wsj.com /2 years ago
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