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Thursday, April 17, 2008

Investors weigh up Turkish rate hike as lira slips

"Investors weigh up Turkish rate hike as lira slips

By Asli Kandemir and Emma Ross-Thomas
ISTANBUL, April 16 (Reuters) - Turkey's central bank could be forced to raise interest rates, reversing an easing cycle, if the lira's decline deepens and puts an inflation target even further out of reach, economists said on Wednesday.
Meanwhile several analysts said they were sticking to a forecast of no change at the Central Bank's interest-rate setting meeting on Thursday, in line with a unanimous forecast from a Reuters poll last week."

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