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Market wants ‘decisive action’ so Turkey needs to raise rates: Yale economist Stephen Roach

Last updated on October 5th, 2020 at 10:10 46Turkey’s central bank needs to raise interest rates to contain the country’s financial crisis, veteran economist Stephen Roach told CNBC on Monday. Earlier in the day, Turkish lira dropped to a new all-time low of 7.24 against the U.S. dollar. It later pared some of those losses to trade around 6.99. […]