Turkish Digest Advertising Rates

Annual Advertising options

Friday, June 09, 2006

FT.com / World / International economy - Turkish bank decision 'a boost for credibility'

"Turkish bank decision 'a boost for credibility'
By Vincent Boland in Ankara
Published: June 9 2006 03:00 | Last updated: June 9 2006 03:00

A substantial interest rate rise by Turkey's central bank failed to stem losses on the country's financial markets yesterday. But it achieved something arguably more important, analysts said - restoration ofthe bank's credibility and independence."

More:FT.com / World / International economy - Turkish bank decision 'a boost for credibility'