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...Erkan, who was appointed in June as the central bank’s first female governor, said her resignation was for personal reasons, and the result of a “smear campaign” against her in the local media....
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...range,” the central bank said....
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...Turkey’s central bank insisted that inflation would fall sharply by the end of this year even as it acknowledged President Recep Tayyip Erdoğan’s minimum wage rise for 2024 had exceeded its expectations....
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...A main pillar of the new policies has been sharp increases in borrowing costs, with the central bank having boosted its benchmark interest rate from 8.5 per cent in June to 45 per cent....
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...Wearing it will demonstrate you appreciate the potentially humorous intersection between monetary policy and popular culture, while also covering some or all of your torso. And now, it can be yours....
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...Turkey has raised its benchmark interest rate to 45 per cent as policymakers signalled that an eight-month campaign of big rises in borrowing costs is over, with the country’s prolonged inflation crisis...
...It also bolsters İmamoğlu’s standing as the only politician in Turkey who has repeatedly been able to take on Erdoğan — Turkey’s most important leader since Mustafa Kemal Atatürk, who founded the republic...
...The abrupt resignation of Turkey’s central bank governor this month might have been expected to cause investor jitters that the country’s shortlived experiment with monetary orthodoxy was over....
...as those of other central banks....
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