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Published on Wednesday, May 3, 2017 | Updated on Thursday, May 4, 2017

Turkey | Monthly Economic Monitor. April 2017

Turkish lira appreciated mostly on local factors. Foreseeing a rising trend in inflation, the CBRT’s front-loaded tightening in April held the Turkish lira firm. On the activity side, ongoing fiscal stimulus, strong support through exports and credit growth helped GDP growth continue to be moderate in 1Q as well.