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cuts interest rates by 100 bps

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catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
19/03/2009 20:49

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Message 1 of 4 in Discussion

http://www.hurriyet.com.tr/english/finance/11248466.asp?scr=1



negativenick


Joined: 10/11/2008
Posts: 6023

Message Posted:
19/03/2009 22:10

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Message 2 of 4 in Discussion

more doom and gloom for savers - at this rate we are going to have to pay the banks for looking after our money.





Nick



croft



Joined: 09/02/2009
Posts: 65

Message Posted:
20/03/2009 02:17

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Message 3 of 4 in Discussion

It could be worse. Here in the UK, our 'Higher Rate Deposit Account' now shows about the same return as stuffing the money under the mattress. By comparison, the rates in TRNC are a phenomenon.



The only thing that worries me: what are Turkish banks doing that allows them to return such high rates to investors?



This is a serious question, because I'd happily jump ship but I'm wary of an Icelandic meltdown!



waddo


Joined: 29/11/2008
Posts: 1966

Message Posted:
20/03/2009 09:19

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Message 4 of 4 in Discussion

I always knew that being skint would pay dividends sooner or later!! No worry here from loss of interest on savings - not enough to worry about when total savings are 27.17.



Worry on guys, for a stress free life be skint and happy.....



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