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Turkey Raises Main Interest Rate, at Odds With Erdoğan’s Pledge Turkey’s central bank raised its benchmark rate to support the currency and slow down inflation, a course at odds with a pledge by President Erdoğan, around two weeks before national elections. Dollar’s Strength Adds Stress to Emerging Market Currencies Central banks in a number of developing economies have raised interest rates or delayed rate cuts, as a now-stronger dollar has forced shifts in policy. Can Turkey’s Economic Turmoil Derail Erdogan’s Reelection? FOLLOW Markets Pulse on the go WSJ.
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