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According to Erdogan’s guidance, the committee can be expected to deliver 100bp cuts at each meeting.
● Lira loans flow
In June, net lira creation via loans broke a fresh record with Turkish lira (TRY) 229bn ($13bn). In July, a sharp decline was seen. In September, it surpassed TRY200bn again.
10 TURKEY Country Report October 2022 www.intellinews.com
