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Turkey’s central bank hikes interest rate to 15 #281875340
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After Mehmet Simsek was appointed as the Treasury and Finance Minister, at the first Monetary Policy Committee meeting chaired by Hafize Gaye Erkan, Chairman of the Central Bank of the Republic of Turkey, the policy rate was hiked from 8.5 percent to 15 percent. After the interest rate decision was announced, the stock market, gold market and Dollar currency were started to rise. Following the
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