Turkey Keeps Rates Unchanged Even as Lira Plumbs Record Lows
ISTANBUL—The Turkish central bank kept its benchmark interest rate unchanged Thursday, in line with President Recep Tayyip Erdogan’s demand to keep it low, but leaving the emerging economy exposed to further capital flight and a potential currency crisis similar to the selloff that beset Turkey two years ago. The central…
bubmagAugust 20, 2020