Business and Finance
Turkish lira continued with Friday's fall, after Turkey's central bank decided on Thursday to keep the benchmark interest rate unchanged.
The Turkish currency declined by 0.23% to 5.9417 against the dollar from 0345 GMT.
But yesterday's biggest drop was from 5.9 pounds to 5.9620 dollars as soon as the announcement of the central bank was announced, the lowest since October 12th.
Analysts said the Turkish central bank's decision to maintain the key rate at its current 24 percent level was expected, but the cancellation of the previous indication of a possible tightening of monetary policy, if necessary to avert inflation, adversely affected the lira, as markets interpreted it as a tendency. For ease of cash.
"If necessary, there will be tightening of the monetary policy," he said. Instead, he said: "We will monitor the factors that influence inflation and determine the position of the monetary policy in order to keep inflation in line with the target path." He said.