Turkish lira weakens after c.bank trims rates

Newswire

ISTANBUL, Jan 22 (Reuters) - The Turkish lira weakened on Tuesday after the central bank cut its overnight borrowing and lending rates in a bid to prevent speculative capital inflows from boosting the lira too sharply. By 1225 GMT, the Turkish currency was at 1.7670 against the dollar, compared with 1.7635 before the announcement. The yield on the two-year benchmark bond stood at 5.85 percent, falling from 5.90 percent beforehand and 5.94 percent on Monday. The ...

Premium Content (PAID Subscription Required)

"Turkish lira weakens after c.bank trims rates" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.
Connect With Us

Sponsored Introduction Continue on to (or wait seconds) ×