Turkish central bank hikes overnight rate to 46%

  • Turkey hikes rates

The turmoil in the lira this week prompted the central bank to hike the overnight lending rate to 46% from 45%.

  • FX liquidity measures have been introduced to limit market volatility
  • Mon pol will be tightened in case a significant and persistent deterioration in inflation is foreseen

USD/TRY is holding close to 37.80.

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