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Turkey’s Central Bank Raises Rates to Near Two-Decade High

The bigger-than-expected rate increase, to 25 percent, is aimed at curbing stubbornly high inflation that exceeded 80 percent last year.

Aaron Boxerman
Author: Aaron Boxerman

Written by

Aaron Boxerman

in

Currency, Economic Conditions and Trends, Erdogan, Recep Tayyip, Interest Rates, Politics and Government, Turkey
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