PDA

View Full Version : Lira Double Whammy Hits Banks as Basci Returns to Loan Cuts: Turkey Credit - Bloomber



NewsWhore
03-07-2012, 06:00 PM
Lira Double Whammy Hits Banks as Basci Returns to Loan Cuts: Turkey Credit (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEMOQ6sApflJTqcXaAY9Y8At2mQww&url=http://www.bloomberg.com/news/2012-03-07/lira-double-whammy-hits-banks-as-basci-returns-to-loan-cuts-turkey-credit.html)
Bloomberg
When Basci tightened monetary policy last year to fend off currency depreciation, Goldman Sachs Group Inc. and Bank of America Merrill Lynch said the policies threatened a recession. Basci raised his lending rate for banks to as much as 12.5 percent ...

and more » (http://news.google.com/news/more?ned=us&ncl=dBl0Pc76ZaSneHM)





More... (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEMOQ6sApflJTqcXaAY9Y8At2mQww&url=http://www.bloomberg.com/news/2012-03-07/lira-double-whammy-hits-banks-as-basci-returns-to-loan-cuts-turkey-credit.html)