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Tuesday, August 09, 2011

Turkey’s Lira Appreciates After Central Bank Reduces Dollar Lending Rate - Bloomberg

"Turkey’s Lira Appreciates After Central Bank Reduces Dollar Lending Rate

By Selcuk Gokoluk - Aug 9, 2011 3:14 AM ET

The lira rose for the first day in four, rebounding from the lowest in more than two years, after the central bank cut its lending rate for deposits in dollars and euros to help boost foreign exchange liquidity. "

More:Turkey’s Lira Appreciates After Central Bank Reduces Dollar Lending Rate - Bloomberg