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Thursday, April 16, 2009

Turkey's central bank cuts rates more than expected to record low - MarketWatch

"Lira falls after Turkey's central bank cuts rates
Central bank lowers interest rates by 75 basis points to a record low of 9.75%
By Polya Lesova, MarketWatch
Last update: 1:44 p.m. EDT April 16, 2009
NEW YORK (MarketWatch) -- Turkey's lira fell against the dollar and the euro on Thursday after the central bank in Ankara surprised investors by cutting its benchmark interest rate more than expected to a record low of 9.75%."

More:Turkey's central bank cuts rates more than expected to record low - MarketWatch