Turkey has surprised markets with a 100 basis points interest rate cut even amid inflation of nearly 80 per cent, as the central bank loosens policy further to spur growth ahead of a general election next year. The bank had been expected to keep the rate at 14 per cent, which has already pushed ...
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Turkey Surprises with 100bp Interest Rate Cut as Inflation Soars
Posted on the 18 August 2022 by Phil's Stock World @philstockworldAuthor's Latest Articles
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