Home market Throwing FX Reserves into a bottomless pit won’t save the Lira! #Turkey’s Lira tumbled toward 14

Throwing FX Reserves into a bottomless pit won’t save the Lira! #Turkey’s Lira tumbled toward 14

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Throwing FX Reserves into a bottomless pit won’t save the Lira! #Turkey’s Lira tumbled toward 14

Throwing FX Reserves into a bottomless pit won’t save the Lira! #Turkey’s Lira tumbled toward 14-per-dollar mark as CenBank’s 3rd intervention this month failed to arrest a selloff sparked by an interest-rate policy seen as too loose by markets. h/t Holger Zschaepitz

Throwing FX Reserves into a bottomless pit won’t save the Lira! #Turkey’s Lira tumbled toward 14

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