Seeking Alpha

Turkish central bank sparks turnaround

  • The Turkish lira has undergone an extraordinary bounce after the country's central bank set an emergency meeting for tomorrow aimed at new policy measures to ensure price stability (i.e., a big rate hike).
  • At this point, a failure to raise rates in a big way is likely to really trigger a selloff, say some analysts. "They have to hike ... and aggressively," says Standard Bank's Tim Ash.
  • TUR +3.9% premarket, and Europe edges into the green for the session.
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Comments (3)
  • thodoris91
    , contributor
    Comments (60) | Send Message
     
    too many countries" hiked...and aggressively". we all know the result
    27 Jan 2014, 08:29 AM Reply Like
  • june1234
    , contributor
    Comments (3086) | Send Message
     
    Took em long enough borrowing a page from uncles El Bernanke and Dragi play-books. They all want to hike but they can't just like everywhere else
    27 Jan 2014, 08:54 AM Reply Like
  • TAS
    , contributor
    Comments (2429) | Send Message
     
    For now.
    27 Jan 2014, 10:09 AM Reply Like
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