http://www.fxstreet.com/fundamental/interest-rates/turkey-tcmb-cuts-aggressively/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/interest-rates/turkey-tcmb-cuts-aggressively/2008-12-19.htmlThe 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%.Fri, 19 Dec 2008 09:03:50 GMThttp://www.fxstreet.com/fundamental/interest-rates/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/interest-rates/turkey-tcmb-cuts-aggressively/2008-12-19.html