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Published on Wednesday, June 22, 2016 | Updated on Friday, June 24, 2016

Turkey | The fine tuning is reaching its limits

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Summary

The Central Bank of Republic of Turkey reduced the upper bound of its interest rate corridor 50bps further to 9%, and kept the lower bound of the interest rate corridor and the 1-week repo rate constant at 7.25% and 7.50%, respectively. The marked fall in inflation was again the main argument behind the easing.