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Thursday, November 20, 2008

Turkey Reduces Interest Rates in Surprise Move Called Risky - WSJ.com

"Turkey Reduces Interest Rates in Surprise Move Called Risky
By CHRISTOPHER EMSDEN

Turkey's central bank cut interest rates Wednesday to spur fast-slowing-economic growth, a move that surprised investors because of the country's heavy reliance on foreign investment and a recent plunge in its currency."

More:Turkey Reduces Interest Rates in Surprise Move Called Risky - WSJ.com