BREAKING: CBRT raises one-week repo rate to 35%!

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At 12:00 am BST the CBRT made a decision on interest rates in Turkey. The central bank decided to raise rates to 35%, in line with consensus.

Turkey, CBRT decision on interest rates. Actual: 35%. Prediction: 35%. Previously: 30%

Comments included:

CBRT is determined to establish the disinflation course in 2024 in line with inflation report

Turkish lira holds steady after decision.

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