Turkey rate cut surprises markets

Author (Person)
Series Title
Series Details 20.2.09
Publication Date 20/02/2009
Content Type

Article reports that Turkey’s central bank cut its main borrowing rate by 1.5% on the 19 February 2009. This is a much bigger step than markets had expected at a time when eastern European neighbours are considering raising rates to shore up their currencies.

Related Links
Turkey: Central Bank of the Republic of Turkey: Press Release, 19.2.09: Interest rates http://www.tcmb.gov.tr/yeni/announce/2009/ANO2009-07.php
Website: Central Bank of the Republic of Turkey http://www.tcmb.gov.tr/yeni/eng/

Countries / Regions