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flag Turkey's central bank unexpectedly cuts key interest rate to 43% to fight 35.05% inflation.

flag Turkey's central bank has lowered its key interest rate to 43%, down from 46%, in an unexpected move to combat inflation, which currently sits at 35.05%. flag The bank aims to reach a 5% inflation target in the medium term and will monitor geopolitical and trade protectionism issues. flag Analysts predict a slowing pace of easing with the rate expected to reach 37% by the year's end.

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