ANKARA, April 27 The Turkish central bank's
recent interest rate hike and liquidity measures are expected to
increase the weighted average cost of funding by 25 basis points
to 11.75 percent, bankers said on Thursday.
Turkey's central bank surprised investors by hiking the
highest of its multiple interest rates on Wednesday, in an
attempt to rein in double-digit inflation fuelled by weakness in
the lira currency and concerns about policy independence.
On Thursday, it set funding on the Istanbul bourse at 5
billion lira ($1.41 billion) at 9.25 percent, the first time it
opted for such a move in weeks.
($1 = 3.5579 liras)
(Reporting by Nevzat Devranoglu; Writing by Tuvan Gumrukcu)