The lira turned sharply higher after President Recep Tayyip Erdogan unveiled介紹?a new savings scheme aimed at incentivizing local residents to hold lira deposits.

The rating agency Fitch, which earlier this month changed its outlook on Turkey to “negative”, voiced concern that the central bank would resume繼續(xù)?interventions to support the lira. The agency warned that, if sustained, the policy “risks further undermining the already weak central bank international reserves’ composition”.?將“有可能進(jìn)一步破壞本已疲弱的央行國際儲備的構(gòu)成”。

to be countined...