Yılmaz signals interest rate cut

April 14 2009 16:27:46

Yılmaz signals interest rate cut

Bloomberg

Increases in government spending could boost the public sector debt stock and limit the impact of the Bank’s cuts to the benchmark rate, Yılmaz said in a speech to the bank’s board. He also said market interest rates have started to catch up with cuts the Central Bank has made in the benchmark borrowing rate.

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