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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
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To: Haim R. Branisteanu who wrote (109958)1/20/2015 9:41:51 PM
From: elmatador  Read Replies (1) of 217593
 
Turkey’s central bank cuts benchmark rate by 50 basis points in a move that defied economists’ expectations

The bank said it had decided on a “measured cut” in the benchmark in the light of “declining commodity prices, in particular oil prices”. Insisting it would retain a “cautious approach in monetary policy” to bring about a lasting reduction in inflation, it anticipated that inflation would fall close to its target of 5 per cent this year. This compares with the views of many economists, who expect inflation to end 2015 at at least 6 per cent.
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