"Lira falls sharply after Turkey cuts interest rates
By Polya Lesova, MarketWatch
Last update: 4:04 p.m. EST Nov. 19, 2008
NEW YORK (MarketWatch) -- Turkey's currency fell sharply against the euro and the dollar Wednesday after the central bank surprised the markets by cutting interest rates.
The central bank cut its key policy rate by 50 basis points to 16.25%. It also lowered the lending rate by 100 basis points to 18.75%."
More:Lira falls sharply after Turkey cuts interest rates - MarketWatch
