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Registration date:  30/10/2021 07:17:12
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Biography: turkish lira vs usd Reducing interest rates at the Central Bank meeting from 19% to 18% The Central Bank took this step in its last meeting on September 23, based on the following: Increasing the speed of vaccination with anti-coronavirus vaccines globally, especially in developed countries, supports the recovery process in the global economy. He explained that despite the increase in vaccination rates, the new strains of the virus keep the negative risks alive on global economic activity. He stated that the main indicators indicate that the domestic economic activity is moving strongly in the third quarter, driven by external demand. He indicated that the positive external demand conditions and the tight monetary policy being implemented positively affect the current account balance. It is expected - according to the statement - that there will be a surplus in the current account in the remainder of the year, as the strong upward trend in exports and the strong acceleration of vaccination stimulate tourism activities. He stressed that the Turkish Central Bank will firmly continue to use all the tools available to it until strong indicators appear indicating a permanent decrease in inflation and the target of 5% is being achieved in the medium term in line with the main objective of price stability.
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