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Turkey's Central Bank Aggressively Raises Rates - New York Times Tue, 28 Jan 2014 23:00:24 GMT

CNBC.com

Turkey's Central Bank Aggressively Raises Rates
New York Times
Turkey is facing increased political and economic pressure to take action. The Turkish lira has been among the most battered of developing-market currencies in recent weeks. After the central bank's decision, the lira strengthened in after-hours trading.
Turkey Raises Rates Sharply to Bolster CurrencyWall Street Journal
Turkey stuns with steep rate hike, may help calm moodReuters
Turkey Raises Rates to End Lira Fall as Basci Defies ErdoganBloomberg
CNBC.com -USA TODAY -Business Insider
all 667 news articles »

Turkey Gets Aggressive on Rates - Wall Street Journal Wed, 29 Jan 2014 01:08:49 GMT

Turkey Gets Aggressive on Rates
Wall Street Journal
ISTANBUL—Turkey's central bank unveiled emergency interest-rate hikes Tuesday in a move that outstripped market expectations and sent the lira roaring back, in a test case for other emerging markets battling plunging currencies. The central bank more ...


Turkey's central bank governor Erdem Basci - Wall Street Journal (blog) Tue, 28 Jan 2014 18:46:29 GMT

Wall Street Journal (blog)

Turkey's central bank governor Erdem Basci
Wall Street Journal (blog)
More substantive tightening may ultimately be necessary given Turkey's large external imbalances, high and accelerating inflation and the CBRT's weak inflation credentials. Here, consistency and credibility of the CBRT's policy decision will be crucial.


Can Turkey's secularists defeat Erdogan? - Aljazeera.com Tue, 28 Jan 2014 13:33:57 GMT

BBC News

Can Turkey's secularists defeat Erdogan?
Aljazeera.com
The state crisis in Turkey is deepening. According to Burhan Kuzu, a Justice and Development Party (AKP) deputy from Istanbul, the National Intelligence Agency (MIT) recently submitted a list to Turkish Prime Minister Recep Tayyip Erdogan containing ...
Turkey's Erdogan to arrive in Iran, discuss Ankara-Tehran tiesJerusalem Post
Turkey's Fethullah Gulen denies corruption probe linksBBC News
Turkey's Wrong TurnNew York Times
RT (blog) -Washington Post (blog) -PolicyMic
all 173 news articles »

Hollande cautiously backs Turkey's EU bid - Aljazeera.com Mon, 27 Jan 2014 20:10:47 GMT

Aljazeera.com

Hollande cautiously backs Turkey's EU bid
Aljazeera.com
French President Francois Hollande has cautiously backed Turkey's aim to join the European Union despite its recent crackdown on police and judiciary and earlier French reservations about the idea. But the trip, the first by a French head of state to ...
France's Hollande cautiously backs Turkey EU membership bidReuters
POLITICS > French president pays historic visit to Turkey after 22 yearsHurriyet Daily News
Hollande declines to open new EU chapter in TurkeyEUobserver.com
Voice of America -Deutsche Welle -FRANCE 24
all 253 news articles »

Turkey: What's going on and why you should care - CNBC.com Tue, 28 Jan 2014 08:54:50 GMT

Turkey: What's going on and why you should care
CNBC.com
Turkey has slipped alarmingly quickly from emerging market darling to market danger zone – and the emergency meeting of its central bank Tuesday evening is the latest attempt to stem an investor exodus. Local investors have been selling off their lira ...


Turkey's Erdogan defiant amid expectations of interest rate rise - Financial Times Tue, 28 Jan 2014 22:21:18 GMT

Turkey's Erdogan defiant amid expectations of interest rate rise
Financial Times
Turkey's prime minister Recep Tayyip Erdogan sounded a defiant note on Tuesday in the face of expectations of an imminent interest rate rise, vowing that the economy would continue to grow despite attempts at “sabotage” and that the beneficiary would ...


Lira Patience Wears Thin as Higher Rates Demanded: Turkey Credit - Bloomberg Tue, 28 Jan 2014 08:53:14 GMT

Lira Patience Wears Thin as Higher Rates Demanded: Turkey Credit
Bloomberg
Turkey needs to raise the upper rate, called the overnight lending rate, by at least 300 basis points, or 3 percentage points, according to Tim Ash, chief emerging-markets economist at Standard Bank Group Ltd. in London. The rate is currently at 7.75 ...


Turkey turmoil prompts central bank meeting - CNN Tue, 28 Jan 2014 10:30:15 GMT

CNN

Turkey turmoil prompts central bank meeting
CNN
Turkey's central bank will hold an emergency meeting Tuesday in an effort to halt the lira's steep decline as the sell-off sweeping emerging markets deepens. The news helped the currency find firmer footing against the U.S. dollar Monday, but not ...


India saves the day...Now it's Turkey's turn - CNBC.com Tue, 28 Jan 2014 21:50:49 GMT

CNBC.com

India saves the day...Now it's Turkey's turn
CNBC.com
The lira and rupee were both higher, and emerging markets were steadier across the board Tuesday, as Turkey's central bank was set to release a statement at 5 p.m. EST. The central bank activity came as Federal Reserve officials gathered for a two-day ...