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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 387.88

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Nov 28 4:00 PM EST

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To: elmatador who wrote (104305)	1/28/2014 6:26:32 PM
From: Snowshoe	Read Replies (1) of 218108

Turkey's Islamist PM thinks interest rates should be zero... Turkish central bank makes massive rate hike to stem lira fall finance.yahoo.com ISTANBUL (Reuters) - Turkey's central bank hiked all of its main interest rates in dramatic fashion at an emergency policy meeting, ignoring opposition from Prime Minister Tayyip Erdogan as it battles to defend a crumbling lira. The bank raised its overnight lending rate to 12 percent from 7.75 percent, its one-week repo rate to 10 percent from 4.5, and its overnight borrowing rate to 8 percent from 3.5, much sharper moves than economists had forecast.

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