Iran war puts Turkey’s inflation fight, lira under fresh pressure

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ANKARA — Turkey’s economic managers face an increasingly difficult choice as the Iran war pushes energy prices higher: Keep interest rates restrictive and deepen the strain on businesses and growth, or ease policy and risk renewed pressure on inflation, the lira and central bank reserves.

The Turkish Central Bank kept its policy rate unchanged at 37% on Thursday, signaling that it expects inflationary pressures to........

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