lira's

To stem the lira's fall, Turkey's central bank in October more than doubled the interest rates it charges banks for overnight loans to 12.5% from 5.75%.

Turkish Industrial Output Rises Sharply Joe Parkinson 2012

The move aimed to demonstrate to markets the central bank's determination to halt the lira's fall by buying up currency, rather than raising interest rates, which would risk damping Turkey's economic growth, economists said.

Turkey's Central Bank to Announce Plans to Support Lira Joe Parkinson 2011

The move on Tuesday aimed to demonstrate to markets the central bank's determination to halt the lira's fall by buying up currency, rather than raise interest rates, which would risk damping Turkey's economic growth, economists said.

Turkey Intervenes to Boost the Lira Joe Parkinson 2011

So, should we be buckling up for the lira's bounce-back?

Lira's Resurgence Could Be Short-Lived Joe Parkinson 2012

Combined, these weaknesses should conspire to halt the lira's forward march, economists say.

Lira's Resurgence Could Be Short-Lived Joe Parkinson 2012

Much of the slide in the lira's value was by design.

Turkey's Seen Tackling Lira's Slide Marc Champion 2011

A sharp fall in the lira's value could cause the central bank to raise rates to defend the currency, causing a sharp economic slowdown.

Beware of Turkish Delight Andrew Peaple 2012

Confusion over the central bank's intentions, as well as imbalances in Turkey's current account, have contributed to a rapid fall in the Turkish lira's value.

Dismay Over Turkish Rates Joe Parkinson 2012

At the same time, Mr. Basci dismissed growing investor concerns over the size of the current-account deficit, which had triggered a plunge in the lira's value Monday and warnings of a "hard landing" from ratings company Standard & Poor's.

Turkish Trade Deficit Widens Marc Champion 2011

There is also the belief that the lira's recent rebound hasn't been driven by a shift in investor perceptions of Turkey, but by hefty central-bank intervention and a recovery in risk appetite.

Lira's Resurgence Could Be Short-Lived Joe Parkinson 2012