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Top Erdogan-Aligned Businessman Hopes CBRT Keeps Rates Unchanged

TURKEY
  • Top Turkish businessman Nihat Ozdemir (favoured by Erdogan) says he is concerned by inflation and expects the CBRT to keep rates unchanged at the next meeting
  • "Stability means a stable exchange rate in the long-term, low inflation and a decline in interest rates"
  • "Volatility in any one of these three areas makes local and foreign investors uncomfortable"
  • "Hopefully keeping rates high and steady will help stabilise and strengthen the lira"
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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