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Thursday, July 16, 2009

FOCUS: Turkey Cuts Rates Again, To Half Last Year's Level

"FOCUS: Turkey Cuts Rates Again, To Half Last Year's Level

Turkey's central bank cut its main interest rate again Thursday, lowering the main overnight borrowing costs to 8.25% from 8.75% in a bid to stoke an economic recovery while price pressures are weak."

More:Article - WSJ.com