Turkish central bank, under rate hike pressure, vows decisive action

Turkey’s central bank governor raised expectations for an emergency interest rate hike on Tuesday, denying he was hostage to political pressures and vowing decisive action to fight rising inflation and a tumbling lira. Erdem Basci said the bank would not hesitate to tighten monetary policy in a “…

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Turkish central bank, under rate hike pressure, vows decisive action

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