"Turkish lira rallies after central bank hikes rates
Analysts expect more tightening ahead as the bank aims to curb inflation
By Polya Lesova, MarketWatch
Last update: 1:43 p.m. EDT May 16, 2008
NEW YORK (MarketWatch) -- The Turkish lira rallied 1% against the U.S. dollar Friday, after the central bank hiked its key interest rate by 50 basis points in a move to curb soaring inflation."
More:Turkish lira rallies after central bank hikes rates - MarketWatch