Jeffrey - turkey. more than expected. Massive rally in the TRL and EM risk

TURKEY'S CENTRAL BANK RAIS=S OVERNIGHT LENDING RATE TO 12.00% - this is the=key rate, and it was at 7.75% until now, so a 4.25% increase, far greater t=an the 2.50% expected.

=strong>TURKEY'S CENTRAL BANK RAISES BENCHMARK REPO RATE TO 10.00% - from 4.=0%

TURKEY'S CE=TRAL BANK RAISES OVERNIGHT BORROWING RATE TO 8.00% from 3.50%