Turkeys Lira Rallies After Jumbo Rate Hike

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The lira extended its rally to over 6% against the US dollar after the Turkish central bank raised interest rates far more than expected on Thursday. Turkey raising its benchmark one-week repo rate to 25% from 17.5%. Bloomberg's Onur Ant reports. • Follow Bloomberg for business news analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com • Connect with us on... • Twitter:   / business   • Facebook:   / bloombergbusiness   • Instagram: https://www.instagram.com/quicktake/?...

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