Turkey Cuts Interest Rates After Failed Coup

Turkey's central bank cut a key interest rate for the fifth month in a row Tuesday, days after an attempted coup against President Recep Tayyip Erdogan triggered concerns over the country's economic outlook.   In a statement, the bank's Monetary Policy Committee said it had reduced its overnight marginal funding rate by a quarter percentage point to 8.75 percent. All other interest rates were left unchanged.   The move would help banks borrow more cheaply from day...

© La Voix de l'Amérique - mardi 19 juillet 2016