Turkey central bank holds key interest rate at 50%

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Turkey central bank holds key interest rate at 50%
BusinessInflationTurkey
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Turkey's central bank has today kept its key interest rate unchanged for the third month in a row as annual inflation runs high over 75%.

Turkey 's central bank has today kept its key interest rate unchanged for the third month in a row as annual inflation runs high over 75%.

"The tight monetary stance will be maintained until a significant and sustained decline in the underlying trend of monthly inflation is observed," it said.

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