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Turkey delivers massive interest rate hike

Wed 29 Jan 14 | 06:04 AM ET
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Turkey delivers massive interest rate hike

Wed 29 Jan 14 | 06:04 AM ET
Turkey's central bank raised overnight interest rates from 7.75% to 12% in an effort to defend a crumbling lira, reports CNBC's Michelle Caruso-Cabrera.

Topics:

Turkey  | Central Banks  | Interest Rates
 
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