Rate Increase Bets Fade as Lira Gives Room to Cut: Turkey Credit
February 19, 2012, 8:58 PM EST
By Emre Peker and Steve Bryant
Feb. 20 (Bloomberg) -- The rebound in the world’s worst- performing currency is diminishing the likelihood that Turkey’s central bank will raise interest rates to stem the highest inflation in 19 major emerging markets, trading in the swaps market shows.
More:Rate Increase Bets Fade as Lira Gives Room to Cut: Turkey Credit - Businessweek
