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10 months ago

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Turkey shocks with big rate hike to 25%, boosting lira

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Turkey shocks with big rate hike to 25%, boosting lira

Turkey's central bank hiked its key interest rate by a larger-than-expected 750 basis points to 25% on Thursday, sparking a rare lira rally and signalling a new determination to address rebounding inflation as part of a broader policy U-turn.

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Turkey shocks with big rate hike to 25%, boosting lira

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Turkey shocks with big rate hike to 25%, boosting lira

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