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Turkey hikes main interest rate to 19% to counter inflation and weak lira
Turkey’s central bank on Thursday sharply hiked its main interest rate to 19 percent to counter rising inflation and the dropping value of the lira. The bank said it “has decided to implement a front-loaded and strong additional monetary tightening” after seeing the annual inflation rate climb to 15.6 percent…
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Click here to read the full story: Arab News