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Lira Rallies as Turkey Stuns With Biggest Rate Hike in Years

(Bloomberg) -- Turkey raised interest rates far more than investors expected, triggering a rally in the lira, in the latest sign that a new lineup of central bankers favors aggressive moves to curb inflation running near 50%.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsNvidia Nears Record High as AI Demand Fuels Blowout ForecastBRICS Bloc Grows Heft With Saudi Arabia and Other Mideast PowersMore Pe
New York United States City Of United Kingdom Selva Bahar Baziki Bloomberg Businessweek
Source: yahoo.com

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