12:08 PM · 25 January 2024

BREAKING: Turkey's Bank raises rates to 45%; decision in line with expectations

As expected, the CBRT decided to raise interest rates to 45% from the previous level of 42.5%. The bank added in a statement after the decision that interest rates are at a sufficiently restrictive level.

The US dollar is strengthening against the lira shortly after the CBRT's decision.

Source: xStation 5

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Economic reports

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