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Turkey's Central Bank sharply hikes benchmark rate by 1.25 points, lira gains

8th June 2018 The Central Bank of the Republic of Turkey's (CBRT) Monetary Policy Committee (MPC) ramped up interest rates for the second time in two weeks Thursday as it hiked its policy rate, also known as one-week repo auction rate, by 125 basis points.The bank's move is designed to tamp down inflation and...
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