Turkish Central Bank Rates to Stay Low For A Long Period of Time

January 14, 2010

After keeping the key overnight borrowing rate and lending rate at 6.5% and 9.0%, respectively, the Central Bank of the Republic of Turkey released a statement that predicted these “low” rates would be retained for “a long period of time.”  A recent acceleration of inflation to an on-year 6.5% in December was blamed on base […] More