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Turkey rate may rise to 40%, JPMorgan says

JPMorgan analysts predict Turkey's central bank may raise interest rates to 40% amid political turbulence.

Alexander Gonzalez
ByAlexander Gonzalez- Senior Editor
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JPMorgan analysts said Turkey's central bank may hike rates to 40%.

The increase could come before the next scheduled meeting in June.

Political risks are weighing on the Turkish lira.

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