SITUATION REPORT

Turkey: Central Bank Delivers Sizable Interest Rate Hike, Prompting Lira Rally

Nov 19, 2020 | 22:39 GMT

The Central Bank of the Republic of Turkey (CBRT) increased interest rates from 10.25 percent to 15 percent, marking its biggest rate hike in over two years, which has since prompted a rally in the Turkish lira, Bloomberg reported Nov. 19. ...

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