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Turkish interest rates fall a little further PDF Print E-mail
Saturday, 17 October 2009
ShareFinanceOn Thursday 15th October 2009, the Monetary Policy Committee (MPC) of the Central Bank of Turkey once again cut interest rates.

The lending rate was lowered by 0.5% to 9.25%.  This is roughly what you might expect to receive on a term deposit account with a Turkish bank.

The MPC indicated that further cuts can be expected.  However, in their press release they indicate that "a slow down in the pace of rate cuts would be considered in the next meeting, depending on the economic data".

You can read more at the bank's website: Central Bank of Turkey

For earlier KTLN articles on this subject, click here: Local News article 19/09/09 

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Last Updated on Friday, 16 October 2009