Dave (Sleuth) are you sure they meant the interest rate as I have heard it is the exchange rate that is dropping, not the interest rate? Turkey's current account figures are still way under reserve levels required so they need to grow this sector of their deposit accounts, dropping interest will be negative to achieve this so it has been talked by Central Bank to up the interest rate not drop it,to many loans taken out at cheap interest rates have caused this deficit, but hey this is Turkey they do go against the grain sometimes!
Also defeats why I posted this topic in the first place as I had heard there were increases to interest and wanted to find out what banks are offering, towards this, above sounds like a ploy from a bank not offering competative rates compared to others, time will tell, any source for above available??