Bloomberg News

Lira Weakens Against Dollar After Central Bank Rate Unchanged

November 23, 2011

Nov. 23 (Bloomberg) -- The Turkish lira weakened against the dollar after the central bank kept its benchmark one-week repo rate unchanged at 5.75 percent.

The lira fell 0.7 percent to 1.8647 per dollar at 2:03 p.m. in Istanbul. It was about 1.8620 before the bank announced its decision. Yields on the two-year benchmark bond increased 9 basis points, or 0.09 percentage point, to 10.61 percent, according to the Turk Ekonomi Bankasi AS index.

To contact the editor responsible for this story: Aydan Eksin at aeksin@bloomberg.net


Hollywood Goes YouTube
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus