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Interest rates unchanged for seventh consecutive month PDF Print E-mail
Sunday, 20 June 2010
ShareInterest ratesThe Monetary Policy Committee of the Central Bank of Turkey met on 17th June, to review interest rates.

The lending rate remains at 9%, for the seventh consecutive month.  

This broadly equates to the rate of interest you may get for a large sum invested with a Turkish bank.

The committee commented that the economic recovery is being maintained.  Domestic demand growth is stable, however there are uncertainties about demand from abroad, given the major problems being experienced in Europe, including close neighbour, Greece.

The committee reiterated that interest rates may continue at current levels for some time.

Closer to home, we note that interest rates offered on savings in Turkish banks in Kalkan, moved upwards slightly over recent weeks, however they are expected to ease back down in the near future.

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