Turkey's interest rates remained unchanged

Tuesday, 09 August 2005 09:42:55 (GMT+3)   |  

Turkey’s interest rates remained unchanged

Due to favorable inflation numbers, Turkey's Central Bank (TCMB) decided not to change short-term interest rates at its latest meeting. The short-term interest rates remain at 14.25 percent. The TCMB cut interest rates by one point in both March and January; by a half point in February, April and May; and by a quarter point in June.

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