Murat Cetinkaya, governor of Turkey’s central bank, speaks during a news conference in Istanbul, Turkey. (Photographer: Arif Akdogan/Bloomberg)
Turkey Hits Brakes on Rates But Doesn't Rule Out Further Hikes
(Bloomberg) -- Turkey’s central bank kept its official borrowing costs on hold but pledged further tightening should last month’s dramatic interest-rate hike fail to curb inflation.