Turkish Yields, Lira Surge as Central Bank Doubles Funding Cost
October 26, 2011, 11:37 AM EDT
By Benjamin Harvey
Oct. 26 (Bloomberg) -- Turkish bond yields and the lira surged after Central Bank Governor Erdem Basci moved to tighten liquidity by effectively doubling interest rates as he sought to support the currency and fight off accelerating inflation.
More:Turkish Yields, Lira Surge as Central Bank Doubles Funding Cost - Businessweek
