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View Full Version : Turkey Cuts Rates First Time in 7 Months as Economy Slows - Bloomberg



NewsWhore
09-18-2012, 07:00 AM
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Bloomberg (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGj37tSnqsyiZWSquXbzZLPL-HDkA&url=http://www.bloomberg.com/news/2012-09-18/turkey-cuts-rates-first-time-in-7-months-as-economy-slows-1-.html)


Turkey Cuts Rates First Time in 7 Months as Economy Slows (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGj37tSnqsyiZWSquXbzZLPL-HDkA&url=http://www.bloomberg.com/news/2012-09-18/turkey-cuts-rates-first-time-in-7-months-as-economy-slows-1-.html)
Bloomberg
Six economists surveyed by Bloomberg had expected a 100 basis-point reduction. The bank ... Central Bank Governor Erdem Basci varies rates within the corridor on a daily basis to balance above-target inflation, a slowing economy and a volatile currency.

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