The Turkish central bank has called an emergency meeting of its monetary policy committee for Tuesday, following a sharp fall in the lira against the euro and US dollar.
The bank said it would “discuss recent developments and take the necessary policy measures for price stability” at the meeting.
It set out its plans in a statement at midnight (22:00) GMT Tuesday.
The move comes amid market pressure for the bank to raise interest rates.
After the announcement, the lira firmed to 2.3420 against the dollar, compared with a record low of 2.39 earlier in the day. But it fell 0.5% against the euro to 3.17740.
via BBC
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