(Bloomberg) -- The Turkish lira tumbled after the central bank removed language in the statement accompanying its rates decision on Thursday that pledged further monetary tightening if needed.
The currency fell as much as 1.5 percent to 5.9637 against the dollar, the lowest level since mid October. The policy maker held its one-week repo rate unchanged at 24 percent, as expected.
To contact the reporter on this story: Constantine Courcoulas in Istanbul at ccourcoulas1@bloomberg.net
To contact the editors responsible for this story: Dana El Baltaji at delbaltaji@bloomberg.net, Alex Nicholson, Onur Ant
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