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The Central Bank, which had previously decided on eight consecutive interest rate hikes, this time kept the bank's policy rate unchanged at 45 percent under the leadership of the new Governor Fatih Karahan.

The rise in interest rates did not meet expectations, according to Prof. Dr. Hayri Kozanoğlu. Warning that inflation will jump, Kozanoğlu says that the policy the economy administration follows is intended to prevent a balance of payments crisis and to strengthen the reserves of the Central Bank.