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Turkey's central bank kept all its main interest rates unchanged Wednesday and pledged to keep liquidity tight until it sees indications of a permanent slowdown in inflation. The bank's monetary policy committee held the late liquidity and one-week repo rates steady at 12.75 percent and 8 percent, in line with the median estimate in a Bloomberg survey. The overnight lending and borrowing rates remained at 9.25 percent and 7.25 percent.Although consumer prices have cooled in recent months, annual gains are still holding above 10 percent, or twice the bank's official target.
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