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Turkeyhikes, aggressively

// FTAlphaville

*TURKEY’S CENTRAL BANK RAISES OVERNIGHT BORROWING RATE TO 8.00%

*TURKEY’S CENTRAL BANK RAISES OVERNIGHT LENDING RATE TO 12.00%

*TURKEY’S CENTRAL BANK RAISES BENCHMARK REPO RATE TO 10.00%

The overnight lending rate had been 7.75 per cent, the borrowing rate was 3.5 per cent and the repo rate 4.5 per cent. So — just a tad aggressive…

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