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Turkey’s central bank holds interest rates stable

by ChemOrbis Editorial Team - content@chemorbis.com
  • 22/10/2020 (14:35)
According to an official statement, Turkey’s Central Bank decided to leave its one-week repo auction rate unchanged at 10.25% following a meeting held on October 22, Thursday.

In the statement, the Monetary Policy Committee reported that the recovery in economic activity continues while uncertainties on recovery persist.

The Central Bank had increased the interest rates by 200 basis points to 10.25% at the previous meeting in September.
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