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Turkish central bank cuts one-week rates for dollar, euro

by ChemOrbis Editorial Team - content@chemorbis.com
  • 09/03/2015 (15:54)
According to media reports, Turkey’s Central Bank (TCMB) cut its one week fund rates to 4.5% from 7.5% for US dollars and to 2.5% from 6.5% for euros effective as of March 10, 2015.

Following the rate cuts, the US dollar depreciated against theTurkish Liras to reach TRY2.59 after reaching historic highs in the previous week.
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