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CBRT Hold Rates at 9.0%, Alongside Expectations

TURKEY

CBRT Hold Rates at 9.0%, Alongside Expectations

Highlights from press release:

  • Considering the increasing risks regarding global demand, the committee evaluated that the current policy rate is adequate.
  • Leading indicators point to continuation of recession concerns in developed economies as a result of ongoing geopolitical risks and interest rate hikes
  • The CBRT will continue to use all available instruments decisively within the framework of liraization strategy

See full press release here: https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN...

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