DailyMarkets.com - Turkey Keeps Policy Rate, Cuts Short-term Rates Further

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Turkey Keeps Policy Rate, Cuts Short-term Rates Further Posted: 20 Nov 2012 05:28 AM PST     The central bank of Turkey kept its benchmark one-week repurchase rate steady at 5.75 percent but again narrowed its interest rate corridor and said it may narrow it further and even cut the policy rate if necessary for financial stability. The central bank also expects inflation to continue to fall.     The Central Bank of the Republic of Turkey said it would cut its overnight lending rate by 50 basis points to 9.0 percent but keep the lending rate at 5.0 percent. The … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

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