Turkish Lira Plunges To All Time Low After Surprise Rate Cut By The Erdogan Central Bank
September 23, 2021 at 10:34 AM EDT
Turkey’s currency plunged to a new all-time low, with the USDTRY rising as high as 8.8017 after Erdogan's central bank unexpectedly cut its policy rate by 100 basis points to 18% on Thursday.
