Turkey Hits Banks With New Curbs to Target Offshore Lira Market
Turkish authorities are stepping up efforts to curb local banks’ access to cheaper funding abroad, part of their campaign to deter hot-money flows from the lira market in London.
By Beril Akman, Kerim Karakaya · Bloomberg Markets
Turkish authorities are stepping up efforts to curb local banks’ access to cheaper funding abroad, part of their campaign to deter hot-money flows from the lira market in London.