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Offshore Borrowing Rates Seen Creeping Higher as Banks Squeeze TRY Liquidity

TURKEY
  • State banks are active this morning following the official announcement of FX intervention, with offshore lending rates rising 17% to squeeze lira liquidity to stabilise the currency.

  • TRY Offshore lending rates


MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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