ISTANBUL, April 30 (Reuters) - Turkey's central bank would consider a measured cut in short-term interest rates if the lira's real exchange rate rises above 120 on its index, Governor Erdem Basci said on Tuesday.
The bank has used 120 as a reference level on its index, which measures the weighted average of domestic prices relative to prices of its trade partners, for several months but Basci said it would revise the level up by 1.5-2.0 percentage points next year.
(Reporting by Can Sezer and Ece Toksabay; Writing by Nick Tattersall) Keywords: TURKEY CBANK/LIRA
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