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CBRT cuts by 100BPS as expected

CBRT cuts by 100BPS as expected

News
By Giles Coghlan
16/12/2021 | 11:08 GMT
  • cuts as expected
  • 14.00% vs 15.00% prior

Inflation is over 20% in Turkey and the CBRT cuts due to President Erdogan's unorthodox belief that high inflation is caused by high interest rates. USDTRY up at highs and as stunned as the rest of us.

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