Turkish lira plunges after Erdogan sacks hawkish cenbank chief By Reuters
By Ebru Tuncay and Jonathan Spicer ISTANBUL (Reuters) - Turkey's lira plunged 16% to near its all-time low as markets opened after President Tayyip Erdogan made the shock weekend decision to oust a hawkish central bank governor and install a like-minded critic of high interest rates. The appointment of Sahap Kavcioglu, a former banker and ruling party lawmaker, in the early...
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