Turkey's face-saving rate hike spares lira, may hit growth
ANKARA (Reuters) - A massive rate hike may have stalled the Turkish lira's fall and salvaged the central bank's credibility, but it stunts growth at a politically fraught time for Prime Minister Tayyip Erdogan and may not shield Turkey from a fragile global backdrop for long.
More:Turkey's face-saving rate hike spares lira, may hit growth - chicagotribune.com