Monday, May 26, 2014

Turkish Bonds Rise on Report Erdogan Criticizes Bank Rate Policy - Businessweek

Turkish Bonds Rise on Report Erdogan Criticizes Bank Rate Policy
By Selcuk Gokoluk May 26, 2014

Turkish bonds rose as Sabah newspaper reported that Prime Minister Recep Tayyip Erdogan criticized the central bank’s interest-rate policy, saying high borrowing costs are hurting the economy. The lira weakened for a second day.

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