Central Bank of Turkey expected to avoid drama with rate hold tomorrow


The Central Bank of the Republic of Turkey (CRBT) is expected to hold interest rates tomorrow in its first meeting since hiking the overnight lending rate by 425 basis points on January 29 to combat rapid depreciation of the lira.

Turkey found itself caught in the middle of renewed turmoil in emerging markets late last month, after the central bank decided to leave rates unchanged on January 22, despite a steady fall in the currency in the previous month to record lows, prompted by investor

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