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According to analysts at Rabobank, Turkey’s central bank is set to keep its policy rate unchanged at 24% when the decision is announced at 12:00BST today.

Key Quotes

“The main reason behind the necessity to maintain tight monetary policy is the prevailing vulnerability of the lira, which is the second worst performing EM currency so far this year.”

“The CBRT may opt to strengthen the hawkish message to provide the vulnerable lira with some support.”