Turkish Lira to Rally on Fed Cuts, Bear Stearns Says (Update2)
Story date: 2007-10-30 05:18:00
Added on: 2007-10-30 13:24:04
Bloomberg - The biggest rally in Turkey's lira since before the 1970s was brought to a halt after Prime Minister Recep Tayyip Erdogan ... Turkey's benchmark interest rate is 16.75 percent. The Fed's target rate for overnight loans between banks is at 4.75 percent ...
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