Turkish lira erases initial gains after rate hike

Date: Wednesday 29 Jan 2014

By midday on Wednesday, the Turkish lira had erased most of the gains produced by the central bank's decision to hike interest rates aggressively.

Monetary policy decision

The Central Bank of the Republic of Turkey raised its overnight lending rate to 12% from 7.75% and...

Special promo:
Trading the Forex Market? Visit FXmania.com to get advanced infomation about currencies and the Foreign Exchange Market.

« Go back to news channel

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE