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Publicada el jueves, 16 de marzo de 2017

Turkey: Central Bank strengthened tightening

Slightly below market and our expectations, the Central Bank (CBRT) increased late liquidity window (LLW) rate to 11.75% from 11% and kept the rest of the interest rates constant. After already breaching double digits, expectations of further significant increase in inflation is noted as the main driver of today’s decision.