close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Turkish minister: “hot money” outflows $8 bln-paper

The central bank last month surprised markets with a second consecutive cut in its policy rate to 6.25 percent.

0

February 2, 2011 10:20 by



Outflows of short-term foreign capital from Turkey amounted to just over $8 billion as a result of measures against “hot money”, Sabah newspaper on Wednesday quoted Finance Minster Mehmet Simsek as saying.

The central bank last month surprised markets with a second consecutive cut in its policy rate to 6.25 percent from 6.5 percent, and increased the required reserve ratio by 200 basis points to ensure an overall tightening of monetary policy.

The central bank cut interest rates to make yields less attractive to hot money inflows and raised required reserve ratios to drain excess liquidity and curb credit growth.

“It changes every moment but the outflows of hot money are a bit more than $8 billion,” Simsek was reported as telling economy reporters.

Simsek also said the government was making a serious effort to slow down the economy in the run up to the parliamentary election in June, the Milliyet daily reported.

(Writing by Daren Butler; Editing by Alex Richardson)



0

Tags: , , , , ,

Leave a Comment