Turkey central bank vows to ensure stability after lira slide | 2019-03-26 | daily-sun.com

Turkey central bank vows to ensure stability after lira slide

26 March, 2019 12:00 AM printer

ANKARA: Turkey's central bank on Monday vowed to use all the tools at its disposal to "maintain price stability" after a slide in the lira last week amid investor concerns over domestic monetary policy.

The lira lost around 5.2 percent in value against the greenback on Friday, its worst day since a currency crisis last year triggered by a US diplomatic spat and sanctions, reports AFP.

The bank said it "will use all monetary policy and liquidity management instruments to maintain price stability and support financial stability, if deemed necessary".


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