Turk­ish rates.

Kathimerini English - - Front Page -

Turkey’s cen­tral bank cut in­ter­est rates for the fifth straight month yesterday, low­er­ing its overnight lend­ing rate by an ex­pected 25 ba­sis points days af­ter a failed coup shook the coun­try and briefly roiled its fi­nan­cial mar­kets. The bank’s Mon­e­tary Pol­icy Com­mit­tee (MPC) said its prom­ise to pro­vide lenders with un­lim­ited liq­uid­ity – a move de­signed to shore up in­vestor con­fi­dence in the bank­ing sys­tem in the wake of the at­tempted coup – had al­le­vi­ated volatil­ity in fi­nan­cial mar­kets.

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