ANKARA, Jan 16 (Reuters): Most emerging market currencies firmed against the dollar on Wednesday, with Turkey's lira strengthening ahead of a central bank rate decision, while stocks in the developing world notched a six-week peak.
Turkey's central bank sets borrowing costs later in the day, with a Reuters poll predicting the key rate will remain at a formidable 24 per cent despite moderating inflation.
The lira was 0.8 per cent firmer after hitting its strongest level against the dollar in more than a week.
Tim Ash, emerging markets senior sovereign strategist at BlueBay Asset Management, said he did not think the bank would be "that naïve as to pre-emptively cut rates at this stage".
Turkish lira strengthens
FE Team | Published: January 17, 2019 00:45:43
Turkish lira strengthens
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