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Will a rate hike suffice to support the Turkish lira?

Date: Tuesday 28 Jan 2014

Will a rate hike suffice to support the Turkish lira?

Although the emerging-market sell-off seems to have stabilised overnight, the focus on Tuesday remains on the emergency monetary policy meeting convened by the Turkish Central Bank (TCMB) for 22:00 this evening.

The move appears to be a desperate attempt by Turkish authorities to slow down the recent decline...

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