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Turkey cuts interest rates again as country struggles under 80% inflation

Por: CNBC Business September 22, 2022

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Russians tourists to Europe decreased dramatically over the summer, but rose in several other destinations, including Turkey (here).Onur Dogman Sopa Images Lightrocket Getty ImagesTurkey's central bank surprised markets once again with its decision Thursday to cut its key interest rate, despite inflation in the country surging beyond 80%.The country's monetary policymakers opted for a 100 basis point cut, bringing the key one-week... + full article



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