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Thursday, December 18, 2008

Turkish Central Bank Cuts Rates by Most in Four Years

"Turkish Central Bank Cuts Rates by Most in Four Years
By Mark Bentley

Dec. 18 (Bloomberg) -- Turkey’s central bank cut the benchmark interest rate by 1.25 percentage points, the largest rate reduction in four years, as it attempts to steer the economy away from recession."

More:Bloomberg.com: Worldwide