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Wednesday, August 03, 2011

Turkish Central Bank Announces Surprise Rates Policy Meeting - Businessweek

"Turkish Central Bank Announces Surprise Rates Policy Meeting
August 03, 2011, 5:23 AM EDT

By Steve Bryant

(Updates with lira in fifth paragraph, economist’s comment in seventh.)

Aug. 3 (Bloomberg) -- Turkey’s central bank announced plans to hold a previously unscheduled meeting of its rates-setting committee tomorrow that may decide to increase the overnight borrowing rate to support the lira."

More:Turkish Central Bank Announces Surprise Rates Policy Meeting - Businessweek