Fri, Dec 19 2008, 09:02 GMT
by Lars Christensen, Lars Rasmussen
The Turkish central bank (TCMB) cut its key policy rate (the borrowing rate) by 125bp to 15.00% and its less important lending rate by 125bp to 17.50%. The bank's decision was more aggressive than our and the consensus expectation of a 50bp cut. The borrowing rate has now been lowered by 175bp over the last two meetings from 16.75% to 15.00%.
Published on Fri, Dec 19 2008, 09:06 GMT
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