Thursday, May 14, 2009

Turkish Central Bank Cuts Benchmark Rate to 9.25% (Update2) - Bloomberg.com

"Turkish Central Bank Cuts Benchmark Rate to 9.25%

By Steve Bryant

May 14 (Bloomberg) -- Turkey’s central bank reduced its benchmark interest rate by half a percentage point, its seventh consecutive cut, as output slumped and the inflation rate fell to a 39-year low."

More:Turkish Central Bank Cuts Benchmark Rate to 9.25% (Update2) - Bloomberg.com