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Wednesday, November 23, 2011

Zero Rates a Turkish 'Ideal' - WSJ.com

Zero Rates a Turkish 'Ideal'

BY MARC CHAMPION AND JOE PARKINSON

ISTANBUL—Turkey's economy czar Ali Babacan on Wednesday waded into a furious debate over an ideological policy of targeting zero real interest rates, saying this was an "ideal," but that achieving it was constrained by markets.

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