Turkish Lira hits new lows as economy minister rules out rate hike

Turkey's currency sank to new record lows on Jan. 20, pummelled by a continuing political crisis shaking the government of Prime Minister Recep Tayyip Erdoğan.

The country's economy minister dismissed any likelihood of the central bank raising interest rates to prop up the lira at its monthly policy meeting on Jan. 21. Read more.

Hürriyet