As widely expected, the beneficial boost to the Turkish Lira from yesterday's emergency 3% hike in the late liquidity window rate by the Turkish Central Bank did not even last one full day, and on Thursday the Turkish Lira collapse resumed, with the currency reversing much of yesterday's gains, sliding as much as 3.
5% - the biggest decline across Emerging Markets - amid the previously discussed concerns that the rate hike will provide only temporary support."Whispers Of Capital Controls" As Turkish Lira Plunge Resumes
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