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View Full Version : Basci Says Turkey Tightening on Credit, Inflation Risks - Bloomberg



NewsWhore
10-21-2011, 10:30 AM
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Basci Says Turkey Tightening on Credit, Inflation Risks (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFOUiOJFnfNO22nTCmPixm-1ABXLA&url=http://www.bloomberg.com/news/2011-10-21/basci-says-turkey-tightening-on-credit-inflation-risks-1-.html)
Bloomberg
There is “fundamentally no room” for a further weakening of the Turkish lira, as the currency&#39;s real effective exchange rate is at a record low, Basci said at a panel in Warsaw today. The bank yesterday raised the overnight lending rate to 12.5 percent ...

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