Turkish central bank pauses one-week repo auctions after lira drop

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Turkish central bank pauses one-week repo auctions after lira drop

, Reuters - 11:41 AM ET 3/20/2025 default

ISTANBUL, March 20 (Reuters) - Turkey's central bank said on Thursday it suspended one-week repo auctions for a period of time in the face of recent developments in financial markets, a day after the lira currency and stocks crashed due to the detention of Istanbul's mayor. (Reporting by Ezgi Erkoyun; Editing by Jonathan Spicer)

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