Central Bank of Turkey out with a statement 10 Jan
- cuts FX RRRS by 50bps across the board
- will take additional measures if needed
- excessive volatility being monitored
- banks' interbank borrowing limits cut to total 22b lira
- providing $1.5bln to market
- measures to be taken on unhealthy price formation
Hot on the heels of my previous post comes the CBT reaction to this morning's lira tumble to record lows.
CBT - Stepping in to stem lira losses
