Turkish lira plunges to fresh low ahead of anticipated interest rate cut

Turkish lira plunges to fresh low ahead of anticipated interest rate cut

December 14, 2021 Randy Noren 0

People doing shopping at the local market in Istanbul, Turkey on December 5th, 2021. The depreciation of the Turkish lira weakened the purchasing power of citizens.Erhan Demirtas | NurPhoto via Getty ImagesTurkey’s battered currency fell to a new low Monday past 14 to the dollar, ahead of what investors expect to be rate cuts from…