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Turkey Holds Rates as Weak Lira Clouds Inflation Outlook

  • All 25 analysts surveyed forecast the central bank’s decision
  • Bank’s language turns more hawkish in rate statement
Turkish Currency And Economy As U.S. Poll Uncertainty Roils Markets
Photographer: Nicole Tung/Bloomberg
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Turkey’s central bank kept interest rates unchanged for a third month on Thursday, but adopted a more hawkish tone as a weak lira and higher global commodity prices continue to cloud the inflation outlook.