Turkish lira

The lira turned sharply higher after President Recep Tayyip Erdogan unveiled介绍 a new savings scheme aimed at incentivizing local residents to hold lira deposits.

The rating agency Fitch, which earlier this month changed its outlook on Turkey to “negative”, voiced concern that the central bank would resume继续 interventions to support the lira. The agency warned that, if sustained, the policy “risks further undermining the already weak central bank international reserves’ composition”. 将“有可能进一步破坏本已疲弱的央行国际储备的构成”。

to be countined...