Cyprus-Forum.com

[dinos]

http://www.marketwatch.com/story/turkey ... 2014-01-29

http://www.marketwatch.com/story/turkey ... 8-18103955

They raised their ON rate to 12% from 7.55 and their weekly repo rate from 4.5% to 10%. Apparently, there are legs behind the corruption probe and traders are looking to get out?

[Maximus]

Don't worry, Erdogan will step in to save the day when the Lira tumbles some more.

Prime Minister Recep Tayyip Erdoğan has said the government will wait to see the results of the Central Bank’s rate hike move, claiming that there are “alternative plans” if the rise fails to stem the Turkish Lira’s recent losses.

“It falls to me to be patient for a while,” Erdoğan said on Jan. 29, answering reporters’ questions about the massive interest rate hike that the Central Bank announced at midnight on Jan. 28.
http://www.hurriyetdailynews.com/turkis ... sCatID=344