IOL 2014.01.29 12:45
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