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Turkey Central Bank keeps rates at 37
The Turkish Central Bank has decided to keep the benchmark interest rate steady at 37% amid ongoing inflation risks resulting from rising energy prices linked to the war in Iran. Although inflation decreased in August, the pace of decline slowed due to pressures stemming from the war, with no change in the rate since last January, when the last cut was made. Consumer Price Index data below expectations support the continued decline in inflation, but the rate of decrease remains slow.
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