Tough move from Turkey`s Central Bank

12:27 - 2.11.2020


November 2, Fineko/abc.az. Turkey's Central Bank has made a new tough decision.

ABC.AZ reports that the decision says that starting from tomorrow the Turkish Central Bank will reduce to zero borrowing limits of lenders at the Interbank Money Market.

The goal in these tough steps is to raise interest rates on loans and limit the growth of inflation.

The Turkish Lira continues to fall in price. Today, the dollar/TL exchange rate is recorded at 8.3982.