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Markets To Test Central Bank Resolve

As we expected (see 'Europe FX & Fixed Income Strategy', August 19), the Central Bank of the Republic of Turkey (CBRT) hiked the upper bound of its interest rate corridor by 50 basis points on...

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Measured Tightening Will Not Be Enough

With international reserves falling to precariously low levels following US$6.4bn of FX auctions in defence of the lira, Central Bank of Turkey (CBRT) Governor Erdem Basci indicated on Monday that...

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