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Turkey’s central bank keeps rates unchanged

by ChemOrbis Editorial Team - content@chemorbis.com
  • 23/10/2014 (16:58)
Turkey’s central bank held its main interest rates steady on October 23 for a second straight month. The bank kept its repurchase rate at 8.25%, the overnight lending rate at 11.25% and the overnight borrowing rate at 7.5%.

According to the statement from the bank, inflation is expected to be tamed by high interest rates while exports should support the economy. In September, Turkey’s consumer price index (CPI) fell from 9.5% to 8.9%.
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