Saturday, December 24, 2011

Turkey to Raise Maximum Rates on Credit Cards, Hurriyet Reports - Bloomberg

Turkey to Raise Maximum Rates on Credit Cards, Hurriyet Reports

By Emre Peker - Dec 24, 2011 7:45 AM ET

Turkey’s central bank raised the maximum monthly interest rate on Turkish lira credit card debt while leaving dollar- and euro-denominated borrowing costs unchanged, Hurriyet reported, citing the Official Gazette.

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