"Turkey raises rates to tackle inflation surge
By Vincent Boland in Ankara
Published: June 7 2006 19:02 | Last updated: June 7 2006 19:02
Turkey’s central bank on Wednesday raised interest rates by 175 basis points to 15 per cent, its first increase in five years, in an attempt to calm financial markets battered by a heavy fall in the value of the lira."
More:FT.com / World / Europe - Turkey raises rates to tackle inflation surge
