ISTANBUL -- The Turkish central bank slashed its benchmark policy rate for the third month in a row Thursday despite the country's acute inflation, sending the lira to an all-time low.
Currencies
Turkish lira nosedives after rate cut sought by Erdogan
Rising prices hit consumers while government remains bullish on growth
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The Turkish lira sank to another all-time low after the central bank pushed forward with an interest rate cut. © Reuters
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