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Turkey's central bank continues with its experiment of lower interest rates to cool a red-hot...

Turkey's central bank continues with its experiment of lower interest rates to cool a red-hot economy, keeping its benchmark rate steady at 6.25%. Turkey's economy put China to shame in Q1, growing at 11%, but the bank feels higher rates would just accelerate "hot money" inflows. TUR -1.2%.
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  • Machiavelli999
    , contributor
    Comments (828) | Send Message
     
    Everyone has effectively lost their mind and has thrown out 100 years of economics lessons learned out the proverbial window. Friedman, Keynes, Irving Fisher be damned.
    21 Jul 2011, 11:16 AM Reply Like
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