North Cyprus News – Where Now For The Turkish Lira? Although the bold Turkish Central Bank move of raising interest rates had a temporary effect, it was short lasting because the market did not believe it. In other words, they expect the rates to fall back and believe the increase was just a message […] 
North Cyprus News – Turkish Interest Rate Rises to 12% The Turkish Central Bank raised its lending rate to 12% from 7.75% in a bold move to defend the Turkish Lira. The sterling exchange rate which was 3.85TL/£1 a few days ago is now 3.58TL/£1. President Erdogan tried to prevent this rate rise, criticising […]
WITHOUT PREJUDICE North Cyprus News – Will Turkey Raise Interest Rates Today? In a bid to halt the decline in the value of the lira, Turkey’s Central Bank look poised to increase interest rates to investors. Will this be enough? Time will of course tell. This will almost certainly be mirrored by a interest […]
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