Turkey Unexpectedly Refrains From Rate Increase; Markets Tumble
A Turkish national flag flies outside the University of Istanbul in Istanbul, Turkey. (Photographer: Kostas Tsironis/Bloomberg)

Turkey Unexpectedly Refrains From Rate Increase; Markets Tumble

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(Bloomberg) -- Turkey’s central bank stunned investors by keeping interest rates unchanged, defying market expectations and heeding President Recep Tayyip Erdogan’s demands to refrain from raising ...
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