Turkish central bank says met to evaluate recent developments
Reuters
Published May 23, 2018 12:20PM ET
Updated May 23, 2018 12:30PM ET
Turkish central bank says met to evaluate recent developments
ISTANBUL (Reuters) - Turkey's central bank said on Wednesday its Monetary Policy Committee met to discuss recent developments.
The country's lira had tumbled 5 percent against the dollar on Wednesday, accelerating a selloff that has seen the currency lose a fifth of its value this year as investors fret over President Tayyip Erdogan's influence on monetary policy.
The central bank's announcement boosted the lira. It rose to as high as 4.704 from 4.845 beforehand.
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Written By: Reuters
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