Turkey Raises Rates for First Time Since 2011 on Lira Slide – Bloomberg

July 23, 2013
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Reuters Blogs (blog)
Turkey Raises Rates for First Time Since 2011 on Lira Slide
Bloomberg
Turkey‘s central bank raised interest rates for the first time in almost two years after the lira slumped to a record low this month. The bank increased its overnight lending rate by 75 basis points to 7.25 percent today, and said that “additional
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