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Turkey central financial institution cuts coverage price to 9%

The Turkish central financial institution on Thursday decreased its benchmark price to 9% from 10.5%, at the same time as inflation reached its highest degree in virtually 25 years in October.

The financial institution was largely anticipated to chop rates of interest to 9%.

The patron value index–which measures what customers pay for items and companies–elevated 85.5% in October on 12 months, quickening from a 83.5% rise in September.

Write to Maria Martinez at [email protected]

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