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Erdogan’s Lira (TRY USD) Rescue Is a Hidden Interest Rate Hike With Fiscal Risks

https://www.bloomberg.com/news/articles/2021-12-21/erdogan-s-lira-rescue-is-a-hidden-rate-hike-with-fiscal-risks
Turkey’s emergency measures to bolster the volatile lira are in effect an interest rate hike in disguise, leaving the government budget more vulnerable to future currency shocks.

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