Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Turkey’s Central Bank Urged by Minister to Consider Rate Action

Turkey’s central bank was urged by the country’s economy minister to start considering a reduction in interest rates.

“It is time for the central bank to clearly present action for cutting interest rates,” Zafer Caglayan said during an official visit to Japan, the state-run Anatolia news agency reported. “The central bank’s caution is very extreme.”

Turkey held its benchmark one-week rate at 5.75 percent and the overnight lending rate at 11.5 percent at the central bank’s July 19 policy meeting. Speculation of a rate cut has helped yields on two-year benchmark lira bond fall 70 basis points, or 0.70 percentage point, this month.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.