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If critics of Turkey’s Essential Bank had been expecting that last week’s run on the Turkish lira might persuade it to end it’s experiment with low interest rates and quantitative controls, they will have found the bank’s reply disappointing.

Source: Financial Times (blog)

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ISTANBUL, Oct 4 (Reuters) - Turkey's stocks and lira currency traded lacklustre on Monday, while cords yields cut due to overseas buying, shrugging off higher-than-expected September inflation statistics.

The throw in the towel on the benchmark April 25, 2012 contract was trading at 7.99 percent, down from Friday's tight of 8.01 percent.

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