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Turkiye Central Bank May Raise Policy Rate to 40% as Oil Prices Lift Inflation Risks
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Turkiye Central Bank May Raise Policy Rate to 40% as Oil Prices Lift Inflation Risks
Türkiye’s central bank is expected to deliver a 300 basis point rate increase at its April meeting, lifting the policy rate to 40%, as rising oil prices tied to the Iran war reshape inflation expectations, according to a report by Chinese lender ICBC’s local investment arm. According to the report, energy-driven cost pressures are beginning to feed more visibly into consumer prices, and estimates that a 10% increase in crude oil prices could add…
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