• Turkish central bank held interest rates steady despite hike exptectations

Market news

20 December 2016

Turkish central bank held interest rates steady despite hike exptectations

The Turkish central bank on Tuesday held interest rates steady, surprising economists who had expected an increase, while the local currency remained under pressure against the dollar amid rising security threats, mounting geopolitical risks and expectations of further rate increases by the U.S. Federal Reserve, says Dow Jones.

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