ANKARA, May 23 (Reuters) - Turkey’s central bank raised its late liquidity window rate to 16.5 percent from 13.5 percent to support the ailing lira, which has lost a fifth of its value against the dollar since the start of this year. “There is no disputing that the comments Turkish President Recep Tayyip Erdogan made last week regarding him having more influence in economic matters and monetary policy has been the catalyst behind the depression the Lira currently finds itself in,” said Jameel Ahmad, head of market and currency strategy at FXTM.
The Turkish Central Bank raises its "late liquidity window" rate from 13.5% to 16.5% in a move to counter the slide of the Turkish lira over the last three weeks. Other rates are left unchanged.