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Monday, August 03, 2009

Turkish CPI below forecast, further rate cuts eyed - Forbes.com

"Turkish CPI below forecast, further rate cuts eyed
08.03.09, 12:46 PM EDT

By Hatice Aydogdu

ANKARA, Aug 3 (Reuters) - Turkey's consumer prices posted a faint gain of 0.25 percent in July, lower than expected, reinforcing expectations of further rate cuts by the Central Bank this year as it seeks to galvanise the ailing economy."

More:UPDATE 2-Turkish CPI below forecast, further rate cuts eyed - Forbes.com