Turkish cenbank governor says policy rate to be above inflation – sources

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ISTANBUL – Turkish Central Bank Governor Sahap Kavcioglu said on Friday that the policy rate will be set above realized and expected inflation, according to two sources who are participating in the bank’s investor meeting.

Kavcioglu also said the bank maintained its outlook for inflation to show a marked fall at the start of the fourth quarter at the latest, sources said. The policy rate currently stands at 19%.

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