Turkey: CBRT delivers hefty tightening in an attempt to support the lira | Eurobank
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At its scheduled meeting on June 7th, the Central Bank of Turkey (CBRT) delivered a second consecutive - in the last two months - interest rate hike to support the domestic currency. Unless there is a fundamental change in the government/Central Bank policies balance mix after the elections, risks for the assets remain skewed to the downside in the months ahead.