Turkey: CBRT cuts policy (one-week repo auction) rate to 19.75%  24%

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Turkey: CBRT cuts policy (one-week repo auction) rate to 19.75% 24%

TRY weakens against major currencies with initial market reaction. The Central Bank of the Republic of Turkey (CBRT) today announced that it cut the

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TRY weakens against major currencies with initial market reaction.

The Central Bank of the Republic of Turkey (CBRT) today announced that it cut the policy rate (one-week repo auction rate) by 425 points to 19.75% 24% compared to analysts estimate of 21.5%.

With the initial market reaction, the USD/TRY pair gained more than 500 pips and rose […]

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