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Emerging MarketsEM CEE

CBRT rate hold calms markets but woes far from over

AdobeStock_CBRT_575x375_15April2021

The Central Bank of the Republic of Turkey on Thursday held its key interest rate at 19% despite fears that new governor and low interest rate champion Şahap Kavcıoğlu would cut rates. But despite the policy move, investor anxieties remain.

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