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Thursday, December 16, 2010

Turkey's Central Bank Cuts Benchmark Rate to Record Low as Inflation Slows - Bloomberg

"Turkey's Central Bank Cuts Benchmark Rate to Record Low as Inflation Slows
By Steve Bryant - Dec 16, 2010 7:15 PM GMT+0200

Turkey’s central bank cut its benchmark interest rate to 6.50 percent, the first change since 2009, as inflation slows and the bank seeks to curb capital inflows and reduce the current account gap."

More:Turkey's Central Bank Cuts Benchmark Rate to Record Low as Inflation Slows - Bloomberg