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Tuesday, June 16, 2009

Turkish Central Bank Lowers Benchmark Rate to 8.75% (Update1) - Bloomberg.com

"Turkish Central Bank Lowers Benchmark Rate to 8.75% (Update1)

By Steve Bryant

June 16 (Bloomberg) -- Turkey’s central bank reduced its benchmark interest rate by half a point, its eighth consecutive lowering, and said “clearer signs of an economic recovery” may lead to a pause in the cuts."

More:Turkish Central Bank Lowers Benchmark Rate to 8.75% (Update1) - Bloomberg.com