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Thursday, May 22, 2014

UPDATE 2-Turkey surprises with rate cut weeks after Erdogan's call | Reuters

UPDATE 2-Turkey surprises with rate cut weeks after Erdogan's call

Thu May 22, 2014 7:07pm IST

By Seda Sezer

ISTANBUL, May 22 (Reuters) - Turkey's central bank surprised markets with its first rate cut in a year on Thursday, weeks after Prime Minister Tayyip Erdogan called for rates to fall - reviving questions about political pressure on the bank.

More:UPDATE 2-Turkey surprises with rate cut weeks after Erdogan's call | Reuters