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Turkey ends tightening cycle, keeps interest rate at 45%
Turkey ends tightening cycle, keeps interest rate at 45%
Economy
by  AFP

Turkey's central bank maintained its key interest rate at 45 percent on Thursday, marking the end of its monetary tightening cycle after eight consecutive months of hikes. Turkey's central bank, which has raised its key rate from 8.5 percent to 45 percent since June, said last month that the level was sufficient to start easing the cost of living crisis.