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Turkey Cuts Interest Rates After Failed Coup

Turkey's central bank cut a key interest rate for the fifth month in a row Tuesday, days after an attempted coup against President Recep Tayyip Erdogan triggered concerns over the country's economic outlook. In a statement, the bank's Monetary Policy Committee said it had reduced its overnight marginal funding rate by a quarter percentage point to 8.75 percent. All other interest rates were left unchanged. The move would help banks borrow more cheaply from day...

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