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Thursday, February 23, 2006

FT.com / World / International economy - Call goes out for further Turkish interest rate cuts

"Call goes out for further Turkish interest rate cuts
By Vincent Boland in Ankara
Published: February 23 2006 18:05 | Last updated: February 23 2006 18:05

Industrialists and entrepreneurs in Turkey have called for further interest rate cuts and a weaker lira to ease the cost of exports as the central bank held its last monetary policy committee meeting on Thursday before the appointment of a new governor.

The term of office of Sureyya Serdengecti, the current governor, expires on March 14. Ministers must decide whether to reappoint him or to name a successor for the post."

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