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Central Bank of Turkey tightens monetary policy

24 Jan 2017 12:29
2535

World

Central Bank of Turkey tightens monetary policy

The Central Bank of Turkey has increased the upper limit of the interest corridor from 8.5% to 9.25%.

According to Turkish media, the bank increased the interest rates on refinancing from 10% to 11%.

Interest rate hike caused increase of exchange rate of dollar. 1USD increased from TRY 3.74 to TRY 3.82.

News.Az