From: Vinit Sahni < Sent: Tuesday, January 28, 2014 10:24 PM To: [email protected] Subject: 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% TURKEY CENTRAL BANK RAISES LATE LIQUIDITY WIN=OW RATE TO 15% This e-mail may contain confidential and/or privileged information. If y=u are not the intended recipient (or have received this e-mail in error) pl=ase notify the sender immediately and delete this e-mail. Any unauthorized c=pying, disclosure or distribution of the material in this e-mail is strictl= forbidden. Please refer tohttp://www.db.com/en/content=eu_disclosures.htm <http://www.db.com/en/content/e=_disclosures.htm> for additional EU corporate and regulatory disc=osures. Vinit=/span> EFTA_R1_01396656 EFTA02381573