Tuesday, January 20, 2015

Turkey Central Bank in firing line as Ankara demands deeper rate cuts - Al Arabiya News

Turkey Central Bank in firing line as Ankara demands deeper rate cuts

By Ece Toksabay | Reuters, Istanbul
Tuesday, 20 January 2015

Turkey’s central bank lowered its main interest rate on Tuesday and drew a swift rebuke from government ministers who said the 50 basis point cut, five months ahead of a parliamentary election, was not enough to support economic growth.

More:Turkey Central Bank in firing line as Ankara demands deeper rate cuts - Al Arabiya News