Turkish lira slightly weaker after central bank credit measures

Turkish lira slightly weaker after central bank credit measures

ISTANBUL, Aug 22 (Reuters) - Turkey's lira was slightly weaker against the U.S. dollar on Monday after the central bank took steps to address credit availability over the weekend.

The currency TRYTOM=D3 stood at 18.12 as of 0542 GMT, slightly weaker from its close of 18.085 on Friday. The currency has lost 27% of its value against the greenback so far this year.

On Saturday, Turkey's central bank unveiled new measures to address the widening gap between its policy rate and lending rates, days after it shocked markets with a 100 basis-point interest rate cut to 13%.


Reporting by Ezgi Erkoyun; Editing by Edmund Blair