Turkey's Central Bank Signals Caution With Focus on Deposits
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Turkish central bank Governor Fatih Karahan said policymakers are closely watching deposit preferences among local savers, signaling officials are likely to approach potential interest-rate cuts cautiously.
Speaking to investors in closed-door meetings in London, monetary officials stressed deposit choices as an important indicator as they weigh upcoming rate decisions, people familiar with the discussions said, asking not to be named because they are private.
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