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View Full Version : Turkish Central Bank Cuts Upper Lending Rates, Yields Slide - Bloomberg



NewsWhore
02-21-2012, 09:50 AM
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Bloomberg (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFL0KTrushSri3mRd9u0OeP9RLOwA&url=http://www.bloomberg.com/news/2012-02-21/turkish-central-bank-cuts-upper-lending-rates-yields-slide-1-.html)


Turkish Central Bank Cuts Upper Lending Rates, Yields Slide (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFL0KTrushSri3mRd9u0OeP9RLOwA&url=http://www.bloomberg.com/news/2012-02-21/turkish-central-bank-cuts-upper-lending-rates-yields-slide-1-.html)
Bloomberg
After almost doubling the effective funding rate to 12.5 percent in October to stem a currency deterioration and quickening inflation, Basci, 45, started reducing borrowing costs in January. The central bank has been lending at about 7.5 percent since ...

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