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Turkish president condemns bank for raising interest rates

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(G.N.S) DT.14 Turkish President Recep Tayyip Erdogan has criticised the central bank for sharply raising interest rates. He said the country would “see the results” of the bank’s independence. The bank raised its key rate from 17.75% to 24% to stem a currency crisis. The move suggests it is reasserting its independence despite pressure from Mr Erdogan to keep rates low. Addressing his ruling party’s officials today, Mr Erdogan said:

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