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Examples
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The central bank has defended the economic logic of its decisions, stressing that policy has tightened significantly in recent months and that an unorthodox response—including keeping benchmark rates low, opening the flexible rate corridor and hiking banks' reserve requirements to tame a gathering lending boom—was required to curb surging domestic demand and shore up the Turkish lira, which weakened some 20 percent against the dollar last year.
Dismay Over Turkish Rates Joe Parkinson 2012
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The euro zone's eastern neighbours may be hit particularly hard: the Turkish lira, for instance, has come under pressure in the past week, a hint that money is flowing out.
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