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Monday, June 16, 2014

Turkey’s Basci Says ‘Measured’ Cut Means 25-75 Basis Points - Businessweek

Turkey’s Basci Says ‘Measured’ Cut Means 25-75 Basis Points
By Onur Ant June 16, 2014

Turkish central bank Governor Erdem Basci clarified today what he meant by “measured” steps on interest rates, saying that phrase has been used in the past to refer to moves of 25 to 75 basis points.

More:Turkey’s Basci Says ‘Measured’ Cut Means 25-75 Basis Points - Businessweek