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Thursday, August 04, 2011

Turkey Surprises With Rate Cut - WSJ.com

"Turkey Surprises With Rate Cut

BY JOE PARKINSON

ISTANBUL—Turkey's central bank unexpectedly cut its key interest rate to a fresh record low Thursday, sending the lira plunging as markets appeared to reject the bank's strategy to counter gathering global risks. "

More:Turkey Surprises With Rate Cut - WSJ.com