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Turkey Cenbank Stuns Market With 500-Point Rate Hike to 50%

Turkey's central bank unexpectedly raised interest rates by 500 basis points to 50% on Thursday, citing a deteriorating inflation outlook and pledged to tighten further if significant and persistent ... read more

Turkey cenbank targets lira reserve requirements in latest tightening step

Turkey's central bank directed lenders to put portions of their lira required reserves into blocked accounts, according to a document sent on Wednesday, in the latest move expected to tighten ... read more

Five questions for Turkey's decision makers: Hike or hold? Policy or politics?

Turkey's central bank is expected to leave interest rates at 45% on Thursday, but with inflation thrashing towards 70% again and the lira crashing another 9% this year, there is certainly an argument ... read more

Turkey's central bank delivers bold rate hike amid inflation concerns

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access information on a device and to provide personalised ads and content, ad and ... read more

Turkey set to hold rate steady this week, but hike is coming - Reuters poll

While the central bank held its key interest rate steady at 45% last month after an aggressive tightening cycle, Finance Minister Mehmet Simsek last week promised tighter fiscal policy to help the ... read more
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