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Thursday, February 03, 2011

Turkish Inflation May Hit Four-Decade Low, Aiding Bank - Businessweek

"Turkish Inflation May Hit Four-Decade Low, Aiding Bank
February 01, 2011, 10:27 AM EST

By Steve Bryant

(Updates with economist comment in fourth paragraph, bonds in sixth.)

Feb. 1 (Bloomberg) -- Turkey’s inflation rate probably fell to the lowest in four decades in January, supporting the central bank’s surprise decision to cut the benchmark interest rate in the last two months."

More:Turkish Inflation May Hit Four-Decade Low, Aiding Bank - Businessweek