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Friday, February 20, 2009

Turkish Central Bank Cuts Benchmark Rate to 11.5%

"Turkish Central Bank Cuts Benchmark Rate to 11.5%

By Steve Bryant

Feb. 19 (Bloomberg) -- Turkey’s central bank reduced its benchmark interest rate by 1.5 percentage points, three times more than economists expected, as industrial output plummets and inflation slows."

More:Bloomberg.com: Europe