Turkish Banks Fluctuate After Central Bank Move, Bonds Rally
Customers use HSBC Holdings Plc, Yap ve Kredi Bankasi AS and Turkiye Garanti Bankasi AS ATMs in Istanbul, Turkey.
Photographer: Kerem Uzel/Bloomberg
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Turkish lenders swung between gains and losses in Istanbul trading on Monday as investors weighed the impact of the central bank taking its first step to curb a deposit tool put in place in late 2021 to support the currency. Bonds rallied.