Turkey Takes Alternative Tightening Path After Smaller Rate Hike
- Central bank delivers second rate increase of ‘gradual’ cycle
- Turkish assets remain under pressure with inflation near 40%
Customers use ATMs in Istanbul.
Photographer: Moe Zoyari/BloombergThis article is for subscribers only.
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Turkey’s central bank slowed its pace of interest-rate increases but pledged to amplify their impact on credit markets with alternative measures.