Turkey Drops Interest Rates. (17/12/2010)

Swany



Joined: 01/12/2009
Posts: 255

Message Posted:
18/12/2010 18:30

"Turkey’s central bank cut its benchmark interest rate to 6.50 percent, the first change since 2009, as inflation slows and the bank seeks to curb capital inflows and reduce the current account gap."



http://www.hurriyetdailynews.com/n.php?n=turkey8217s-central-bank-cuts-rate-to-guard-stability-2010-12-17



This will probably be reflected in savers rates in the next few weeks so if you are looking for a fixed term deposit account in TL do it sooner rather than later. The banks in the TRNC still have some deposit targets to meet before the New Year so there will still be deals out there.



For more information go to http://www.ncmoneyguide.net