Central Bank Salvation for the Turkey ETF
January 28, 2014 at 17:47 PM EST
The embattled iShares MSCI Turkey ETF (NYSEArca: TUR) may have gotten a lifeline Tuesday evening when the Turkish central bank raised its overnight lending rate to 12% from 7.75% and more than doubled the overnight borrowing rate to 8% to 3.5% in one of the boldest moves by any central bank in...