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Turkish Central Bank Maintains 37% Rates

Turkish Central Bank Maintains 37% Rates

The Turkish government maintained the main interest rate at 37%, due to ongoing inflation risks resulting from rising energy prices linked to the war in Iran. Although inflation slowed in August, the pace of the decline was slow because of upward pressures on prices. The French and Turkish authorities have shown that the continuation of the war in Iran hampers efforts to control inflation, which remains high, with indications that challenges still persist despite gradual improvements.

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