Turkish Lira Stares into Abyss after CBRT Cut Emboldens Bearish Market - NewsBreak

USD/TRY, GBP/TRY rally as CBRT cut pushes TRY to new lows. Market angst over inflation policy a key driver of TRY losses. TRY's recovery prospects limited by risk of further rate cuts. Some analysts look for eventual reversal of cuts, TRY relief. Above: File image of CBRT Governor ?ahap...