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 Post subject: falling interest rates and what it means for expats
PostPosted: Tue Feb 03, 2009 8:57 pm 
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Joined: Fri Apr 04, 2008 9:49 am
Posts: 12
well...i have a turkish lira time deposit elma account at garanti bank. over the past 4 years i have gotten between 16 and 20 % gross. my last interest rate january 2009 was 19.50%. this month february it is down to 13%....a drop of 6 points in one month.
now..as we all know the central bank cut the base rate by two points...and i was expecting a 2 point drop or so...but 6 points???
i contacted the bank and they said basically ..' thats the new reality baby'...
and all the banks are doing the same...
and to expect more cuts next month..
is this,indeed, the new reality?
or is the extent of the cuts determined by each bank indepentantly?
any insights would be appreciated


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 Post subject: Re: falling interest rates and what it means for expats
PostPosted: Tue Feb 16, 2010 3:32 pm 
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Joined: Tue Apr 21, 2009 1:34 pm
Posts: 263
Dear Ozgur,

If you would like to show the directions for investments , you should also decribe possible risks as well.

IMKB 100 funds is attractive nowadays but dont forget IMKB has fall down abt 8 pct with in one week time.

And I dont want to explanin IMKB 100 Index situation on March 2009.

Ok . Take risk make money. But we need to know the possible risks . Can you measure risks. or can your guarantee principal invested amount.

Thanks


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