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    CB says Turkish banks face narrower credit channels

    Reuters
    06.10.2008 - 11:32 | Son Güncelleme:

    Central Bank Governor Durmus Yilmaz said on Monday Turkish banks were facing narrower credit channels due to the global credit crisis, but said they faced no difficulty in renewing external loans.

    Yilmaz told NTV broadcaster in an interview that Turkey needed to adopt a market lending rate as the benchmark for its interest rate, and added the Central Bank would respond to bad news in deciding rates.

    Photo: AA

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