ISTANBUL: Turkey’s central bank is unlikely to tinker with its monetary policy framework, sidestepping an option that some of Wall Street’s biggest lenders said could form its response to the sliding lira.
Rather than lifting the upper bound of its rate corridor from 11.25%, the choices for the central bank at a meeting on Thursday would probably be to leave all borrowing costs on hold or opt for an outright hike of its benchmark - which will push other funding rates higher as well.
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