Turkey Hits Brakes on Rates But Doesn't Rule Out Further Hikes
Murat Cetinkaya, governor of Turkey’s central bank, speaks during a news conference in Istanbul, Turkey. (Photographer: Arif Akdogan/Bloomberg)

Turkey Hits Brakes on Rates But Doesn't Rule Out Further Hikes

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(Bloomberg) -- Turkey’s central bank kept its official borrowing costs on hold but pledged further tightening should last month’s dramatic interest-rate hike fail to curb inflation.
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