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Turkey opts for new tightening strategy after signaling a pause to hikes

by Editor March 15, 2024, 8:29 pm 1.2k Views

Turkey opts for new tightening strategy after signaling a pause to hikes

A picture taken on August 14, 2018 shows the logo of Turkey’s Central Bank at the entrance of its headquarters in Ankara, Turkey.

ADEM ALTAN | AFP | Getty Images

Turkey’s central bank is opting for a different monetary tightening method as it grapples with climbing inflation, after previously signaling that its rate-hiking cycle was over.

The institution sent a directive to lenders, effective Friday, instructing them to put parts of their…

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