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Turkey Plays Waiting Game on Interest Rates as Inflation Rages

  • Central bank is set to leave rate at 14% at Thursday meeting
  • Annual inflation is approaching 80% and may peak within months
A vendor arranges a display at a fishmonger's stall in Istanbul, Turkey.

A vendor arranges a display at a fishmonger's stall in Istanbul, Turkey.

Photographer: Erhan Demirtas/Bloomberg
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Turkey is poised to stick with an unconventional monetary policy that’s left it with the world’s most negative interest rates when adjusted for inflation.