Turkish central bank makes massive rate hikes (14)

IOL 2014.01.29 12:45
By Reuters Reuters. Turkey's Central Bank Governor Erdem Basci addresses the media in Ankara January 28, 2014. Istanbul - Turkey's central bank hiked all its key interest rates in dramatic fashion at an emergency midnight policy meeting, ignoring opposition from Prime Minister Tayyip Erdogan as it battles to defend the country's crumbling lira currency. The bank raised its overnight lending rate to 12 percent from 7.75 percent,
LIRA, SPECULATOR, ERDOGAN, HIKE, GRAFT, BANK, Ash, Spiro, Turkey, USA, Iran