Wednesday, July 1, 2015   

Turkish central bank hints of further rate cut
(06-16 19:59)

The governor of Turkey's central bank hinted that another small cut in interest rates is likely at the end of the month, deflecting calls by the government for quicker action.
''A measured, moderate and gradual rate cut is being priced in,'' Erdem Basci said in a speech in the cental city of Konya.
''We will do it as long as the Central Bank continues to believe that inflation will decrease. But we will do it with caution, without upsetting the balances, without destabilizing,'' he said.
Last month the central bank, which had ramped up rates to fight a currency crisis, shaved one key rate but was criticized for being timid by Prime Minister Recep Tayyip Erdogan.--AFP
   
Other Business breaking news:
(Greece crisis) Athens floats new two-year bailout (06-30 22:04)
US stocks open higher (06-30 21:48)
China pension fund won’t take high risks in equity bets (06-30 21:43)
(Greece crisis) Pensioners draw a blank (06-30 21:30)
(Greece crisis) Turkey extends a hand to Athens (06-30 20:17)
(Greece crisis) Leftists open to considering deal (06-30 19:54)
(Greece crisis) New deal from creditors before Athens referendum (06-30 19:48)
(Greece crisis) Spain PM Rajoy wants Greek leftists out (06-30 18:00)
(Greece crisis) Italy PM Renzi sees no danger (06-30 17:57)
Eurozone jobless ranks steady, inflation eases (06-30 17:39)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.