Turkey to reduce rates two more times this year

November 16, 2009 - Turkey May Cut Benchmark Rate This Month and Next, Survey Shows.

...The bank in Ankara will lower its overnight borrowing rate by a quarter point to 6.5 percent on Nov. 19, all economists predict. Most economists said the bank will also reduce rates next month.

A further half-point reduction would bring cuts in the past 14 months to 10.5 percentage points, more than any of the other 50 central banks tracked by Bloomberg except Moldova...