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Thursday, January 17, 2008

Turkish cbank cuts rates, sees inflation falling

"Turkish cbank cuts rates, sees inflation falling

By Daren Butler
ISTANBUL, Jan 17 (Reuters) - Turkey's Central Bank cut its benchmark borrowing rate by 25 basis points to 15.50 percent as expected on Thursday and said current rate levels still support falling inflation even after recent cuts.
But analysts said a cautious tone from the bank suggested that further cuts would be limited in size."

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