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Money Turkish Central Bank Increases Interest Rates Again
Money Turkish Central Bank Increases Interest Rates Again
Saturday, 22 July 2006 09:33
Turkey's central bank raised interest rates by 0.25% yesterday in an effort to stop the increase in inflation.
Interest rates now stand at 17.50%.
Savers in the Turkish Lira should now see their rates increase by a similar amount. At a rate of 17.50% the saver would see an annual return of 1,487 YTL per 10,000 YTL after the government tax of 15% is deducted.
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