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Cryptopolitan 2023-07-20 17:12:56

Turkey’s Central Bank raises interest rate below market expectations

Turkey’s Central Bank announced it raised its primary interest rate by a modest 250 basis points to 17.5%, falling short of market expectations which forecasted a 500 basis point increase. The bank aims to combat rampant inflation, which has reached double-digits and sent the economy into turmoil. The announcement was made on Thursday, against market ... Read more

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