Author Topic: Turkish central bank raises lending rate to 12%  (Read 3159 times)

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Offline Scunner

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Turkish central bank raises lending rate to 12%
« on: January 28, 2014, 22:24:49 PM »
The Turkish central bank has raised its overnight lending rate to 12% from 7.75% after an emergency meeting.

It also increased the overnight borrowing rate to 8% from 3.5%.

http://www.bbc.co.uk/news/business-25939187

Offline JohnF

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Re: Turkish central bank raises lending rate to 12%
« Reply #1 on: January 28, 2014, 22:27:23 PM »
Sh1t or bust methinks...

JF

Offline Ian

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Re: Turkish central bank raises lending rate to 12%
« Reply #2 on: January 28, 2014, 22:34:01 PM »
More than the markets expected - immediate impact is good but will it be sustained - fingers crossed :-)

Offline Scunner

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Re: Turkish central bank raises lending rate to 12%
« Reply #3 on: January 28, 2014, 22:41:42 PM »
Sh1t or bust methinks...

JF

Yep, bugger the economics, that pretty much sums it up...

Offline Ian

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Re: Turkish central bank raises lending rate to 12%
« Reply #4 on: January 28, 2014, 22:48:08 PM »
Was it 31 economists who predicted on average about 2% - tells you how much of a surprise this will be!

We may see something like 3.50 early tomorrow - but then which way ?????

Offline Scunner

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Re: Turkish central bank raises lending rate to 12%
« Reply #5 on: January 28, 2014, 22:51:04 PM »
It will head straight back up when Erdogan removes the Central Bank bosses tomorrow

Offline yabanci

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Re: Turkish central bank raises lending rate to 12%
« Reply #6 on: January 29, 2014, 08:11:15 AM »
That will have to wait until Friday.Reg is on a 2 day jolly in Iran  :)
However he did say of the Central Bank "they are responsible for anything that could arise."

Offline kevin3

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Re: Turkish central bank raises lending rate to 12%
« Reply #7 on: January 29, 2014, 09:56:31 AM »
That's someone else added to the blame list. !       ;)




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