May 26, 2012
 |
[The Wall Street Journal] Turkey reduces rates and signals more cuts
19 September 2009 / ,
Turkey's central bank Thursday cut its benchmark interest rate to 7.25 percent from 7.75 percent, and signaled it is planning several more rate cuts even as tentative signs emerged that the country's economy is stabilizing.
Investors had expected the latest rate cut, but also expect it to be last of a series that has taken the policy rate from 16.75 percent in November. Turkish gross domestic product fell 7 percent in the second quarter from a year earlier, data released last week showed -- a dramatic improvement from the 14 percent fall posted in the first three months.Demand was probably weaker in the third quarter, the Monetary Policy Committee of Turkey's central bank said in a note.
|
||||||||||||||||||||||||||||||||||||||||||||||||||
| BERİL DEDEOĞLU |  |
||
| Yemen and beyond | |||
| ABDULLAH BOZKURT |  |
||
| Turkey and Mexico: Distant yet so close | |||
| ABDÜLHAMİT BİLİCİ |  |
||
| Google kidnaps Gül! | |||
| İHSAN YILMAZ |  |
||
| The Egyptian elections, Islam and Islamists | |||
| MARKAR ESAYAN |  |
||
| There is need for a new initiative | |||
| EMRE USLU |  |
||
| Operational errors | |||
| HASAN KANBOLAT |  |
||
| Are Russian tourists being discouraged from visiting Turkey? | |||
| CHARLOTTE MCPHERSON |  |
||
| The modern ‘Great Game’: women’s role and status | |||
| KLAUS JURGENS |  |
||
| Back to the ’80s | |||
| KATHY HAMILTON |  |
||
| Random acts of violence | |||
| MERVE BÜŞRA ÖZTÜRK |  |
||
| Adding insult to injury in Uludere | |||
| NICOLE POPE |  |
||
| Shifting responsibility | |||
| YAVUZ BAYDAR |  |
||
| ‘Errorism’ | |||
| ORHAN MİROĞLU |  |
||
| ‘Strategic vision’ | |||
| ORHAN KEMAL CENGİZ |  |
||
| Turkey through Amnesty International’s eyes | |||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||
