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Turkey Keeps Rates Unchanged Even as Lira Plumbs Record Lows

The Turkish central bank kept its benchmark interest rate unchanged, in line with President Recep Tayyip Erdogan’s demand to keep it low, but leaving the emerging economy exposed to further capital flight and a potential currency crisis similar to the selloff that beset Turkey two years ago.

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Turkey Keeps Rates Unchanged Even as Lira Plumbs Record Lows