Turkey More Than Doubles Main Interest Rate to Halt Lira Slump

Turkey’s central bank more than doubled its main interest rate at an emergency meeting, reversing years of policy after the lira slid to a record low. The bank in Ankara raised the benchmark repo rate to 10 percent from 4.5 percent, according to a statement posted on its website at midnight. It a…

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Turkey More Than Doubles Main Interest Rate to Halt Lira Slump

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