Friday, October 16, 2009

The CBT doesn't surprise again....

Nope, I am not talking about interest rates, although the 50bp cut does not surprise anyone. More interestingly, the CBT cut lira reserve requirements (from 6% to 5%) right after saying it might do so in the one pager accompanying the rate decision. If I am not miscounting, this is the third time a "may" in the one-pager has turned into a reality the next morning.

BTW, the construction is still in progress, as I still have to archive my last three Hurriyet columns. Hopefully, I will be done with that over the weekend...

1 comment:

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