ISTANBUL -- Turkey's central bank stunned markets on Thursday by slashing its key interest rate a full percentage point, with the lira plunging to record low levels.
Economy
Turkey's surprise rate cut plunges lira to new lows
Move follows Erdogan's assurance inflation is under control
Turkish President Tayyip Erdogan addresses the 76th Session of the U.N. General Assembly in New York on Sept.21. © Reuters
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