Turkey Slower Loan Growth May Have Pushed Bank to Ease, EFG Says
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Slowing loan growth may have contributed to the Turkish central bank’s surprise decision to resume funding at its lowest rate today, EFG Istanbul Securities chief economist Haluk Burumcekci said.
The lira weakened 1.3 percent to 1.8070 at 12:50 p.m. in Istanbul, the most this year.