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Turkey Vows to End Rate Cuts After Fourth Straight Reduction

  • Analyst says comments from Erdogan will be key for markets
  • Lira slid past 15 per dollar as inflation expectations worsen
Visitors walk through a bazaar in Istanbul, Turkey.
Visitors walk through a bazaar in Istanbul, Turkey.Photographer: Moe Zoyari/Bloomberg
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Turkey’s central bank said it was wrapping up its cycle of interest-rate cuts after delivering the latest 100-basis-point reduction on Thursday in support of President Recep Tayyip Erdogan’s unorthodox monetary policy.