Turkey Cuts Benchmark Interest Rate to 5.75%

Turkey Cuts Benchmark Interest Rate to 5.75% Play

Aug. 4 (Bloomberg) -- Turkey’s central bank reduced the benchmark interest rate to a record low of 5.75 percent to shield the economy from the impact of the European debt crisis and slowing growth in the U.S. The bank also raised the overnight borrowing rate to 5 percent. Maryam Nemazee and Linda Yueh report on Bloomberg Television's "The Pulse." (Source: Bloomberg)

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