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Thursday, April 16, 2009

Turkish Bank Lowers Benchmark Rate to Record 9.75% (Update1) - Bloomberg.com

"Turkish Bank Lowers Benchmark Rate to Record 9.75% (Update1)
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By Steve Bryant

April 16 (Bloomberg) -- Turkey’s central bank cut its benchmark interest rate by three-quarters of a percentage point, its sixth consecutive reduction, as industrial output slumped and the number of jobless rose by more than a million."

More:Turkish Bank Lowers Benchmark Rate to Record 9.75% (Update1) - Bloomberg.com