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TURKISH CB LEFT THE KEY RATE WITHOUT CHANGES

On Thursday, July 21, the Central Bank of Turkey decided to keep the key rate on seven-day REPO operations at 14 percent.

The decision was made public on Thursday following a meeting of the Monetary Policy Council of the Central Bank of Turkey.

“The number of factors stimulating Turkey's economic growth is increasing. Tourism is also an important impetus for development,” the regulator said in a statement.

The message of the Council of the Central Bank notes that the regulator will continue the measures of macroprudential policy and, if necessary, use additional levers.

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