Turkey Surprises by Hiking Rate to Steady Lira Before Ballot.

Item request has been placed! ×
Item request cannot be made. ×
loading   Processing Request
Read Online Read More Add to Saved list
  • Additional Information
    • Subject Terms:
      MIDDLE East; TURKEY
    • Abstract:
      Turkey's central bank surprised economists by raising interest rates ahead of local elections in an effort to stabilize the lira. The decision comes as inflation is projected to exceed 70%. The central bank also widened its interest-rate corridor, allowing for more expensive funding to commercial lenders. The move is seen as a sign of the growing independence of the Turkish central bank. [Extracted from the article]
    • Abstract:
      Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)