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

|By:, SA News Editor

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%.