Turkey: CBRT increases policy rate by 200 points rate to 10.25%

The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it raised its policy (one-week repo) rate by 200 basis points to 10.25%.

With the initial market reaction, the USD/TRY pair fell sharply and was last seen losing 1.5% on the day at 7.5730.

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