Turkey Tightens by Halting Benchmark Funding; Yields Climb
By Selcuk Gokoluk - Mar 22, 2012 11:26 AM ET
Turkey’s central bank tightened monetary policy by withdrawing funding at its benchmark rate for the first time in more than two months. Bond yields rose to the highest level since January.
The central bank in Ankara didn’t offer to lend money to the country’s banks over a week at the 5.75 percent annual rate in a daily auction at the scheduled time of 10 a.m.
More:Turkey Tightens by Halting Benchmark Funding; Yields Climb - Bloomberg