Turkish Lira depreciates after Turkish Central Bank delivers rate cut
epa10127390 People check exchange rates on a board at a currency exchange office in Istanbul, Turkey, 18 August 2022. The Turkish Central Bank cut a 100-basis points interest rate amid an inflation of nearly 80 per cent. Thus, the new policy rate became 13 percent, while the Turkish lira depreciated after the decision. EPA/SEDAT SUNA
