Thursday, September 17, 2009

Turkey’s Central Bank Cuts Key Interest Rate to 7.25% (Update2) - Bloomberg.com

"Turkey’s Central Bank Cuts Key Interest Rate to 7.25% (Update2)

By Steve Bryant

Sept. 17 (Bloomberg) -- Turkey’s central bank reduced its benchmark interest rate by half of a percentage point and said it may go further with the deepest series of cuts of any G-20 nation as inflation approaches its slowest pace in 39 years."

More:Turkey’s Central Bank Cuts Key Interest Rate to 7.25% (Update2) - Bloomberg.com