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Thursday, April 24, 2014

Turkey’s Central Bank Plays it Safe and Draws Praise - MoneyBeat - WSJ

Turkey’s Central Bank Plays it Safe and Draws Praise

ISTANBUL–Turkey’s central bank resisted government pressures to loosen up, and kept key interest rates steady at its monthly meeting Thursday. The result: a market rally and a chorus of economists singing Governor Erdem Basci’s praises for bolstering the bank’s credibility.

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