Turkey in an economic suicide mode: “Turkish lira drops to new all-time low after rates slashed

Turkish lira drops to new all-time low after rates slashed

Finance watchdog FATF ‘grey lists’ Turkey, Turkey denounces the decision

The Financial Action Task Force has downgraded Turkey to the grey list due to its shortcomings in preventing money
The Turkish Central Bank on Oct. 21 lowered its one-week repo rate by 200 basis points, well above market expectation.

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