Basci Eases Funding Squeeze as Turkish Banks Juggle Changes
October 27, 2011, 6:22 AM EDT
By Ali Berat Meric and Steve Bryant
(Updates bank index in seventh paragraph, lira in ninth.)
Oct. 27 (Bloomberg) -- Turkey’s central bank provided banks more liquidity and cheaper funding, a day after scrapping any low-cost lending, as Governor Erdem Basci tweaks policy on a day-by-day basis to curb inflation and support the lira.
More:Basci Eases Funding Squeeze as Turkish Banks Juggle Changes - Businessweek