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What you need to know:Turkey’s War Against the Markets
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Economics

Turkey’s State Banks Pump Up Lending to Boost Economy

  • State banks offer mortgages, loans at below-inflation rates
  • Banking regulator forces banks to lend more with new rules
Customers use automatic teller machines in Istanbul.

Customers use automatic teller machines in Istanbul.

Photographer: Kerem Uzel/Bloomberg
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Turkey unveiled its most expansive program of credit incentives in four years to help the economy recover from the coronavirus pandemic.