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Showing posts with label Tayyip Erdogan. Show all posts
Showing posts with label Tayyip Erdogan. Show all posts

Thursday, January 30, 2014

Turkish central bank makes massive rate hikes to stem lira fall

(Reuters) - 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.