ANKARA
The U.S. dollar jumped to a record high against the Turkish lira Thursday.
The dollar drew support from comments in the U.S. Federal Reserve minutes, released on Wednesday, which noted solid growth in the U.S. economy.
There is also rising anticipation for interest rate cuts by the Turkish Central Bank after hints from the governor.
The dollar rose to 2.4178 liras in early afternoon, surpassing the historic high of 2.4150 which it hit on Jan. 28, 2014.
The Central Bank of Turkey cut key interest rates by 50 base points, from 8.25 percent to 7.75 percent, in its latest monetary policy meeting on Jan.20.
Interest rates are controversial in Turkey as government officials have repeatedly criticized the central bank's tight money policies for limiting economic growth.
