Turk Cenbank sees soft monetary policy for long time

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Turk Cenbank sees soft monetary policy for long time


News Article Date: Thursday 22nd of October 2009

Turkey's Central Bank Governor Durmus Yilmaz said on Tuesday he expected monetary policy to retain a downward flexibility for a long time. The central bank slashed rates to 6.75 percent last week, bringing total easing since November 2008 to 10 percentage points as it attempts to stimulate an economy in deep recession.
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