Reported about 12 hours ago
A senior official from Turkey's central bank indicated that the country anticipates fewer interventions in the foreign-exchange market as inflation rates improve. In discussions with international investors, Deputy Governor Cevdet Akcay noted that enhanced financial stability could support a less interventionist currency regime. Turkey has maintained its interest rates and aims for a policy that leads to real appreciation of the lira, which has made it attractive to carry traders despite a nominal decline against the dollar.
Source: YAHOO