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View Full Version : Turkey Holds Benchmark Rate at 5.75 Percent After Increase in Funding Cost - Bloomber



NewsWhore
11-23-2011, 09:40 AM
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Turkey Holds Benchmark Rate at 5.75 Percent After Increase in Funding Cost (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFWasWonCDdXVLtnUXzrCGahajqKg&url=http://www.bloomberg.com/news/2011-11-23/turkey-holds-benchmark-rate-at-5-75-percent-after-increase-in-funding-cost.html)
Bloomberg
Turkey had its foreign currency rating outlook cut to “stable” from “positive” today by Fitch Ratings, which pointed to the trade deficit and rising inflation as bringing an “increase in near-term risks.” The lira extended earlier losses, declining 0.8 ...

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