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Thursday, January 15, 2009

Turkish Central Bank Lowers Benchmark Rate to 13%

"Turkish Central Bank Lowers Benchmark Rate to 13%

By Steve Bryant

Jan. 15 (Bloomberg) -- Turkey’s central bank reduced its benchmark interest rate by two percentage points in a bid to avert recession after growth slowed to the weakest in six years and industrial output tumbled."

More:Bloomberg.com: Worldwide