Turkey's central bank continues an exploration into the world of alternative monetary policy,...

|By:, SA News Editor

Turkey's central bank continues an exploration into the world of alternative monetary policy, cutting its repo rate 50 basis points to 5.75%, while raising its overnight rate to 5% from 1.5%. The bank is trying to shield the country from slowing world economies at the same time it defends the sinking lira. TUR -4.5%.