Turkish bonds flat, shares up after Cyprus deal
Monday, 25 March 2013
Turkey's shares rise Monday following a bailout deal in Cyprus. (Reuters)
Reuters, Istanbul -
Turkish shares rose on Monday following a bailout deal in Cyprus, with bonds flat on expectations the rescue would not persuade the central bank to cut interest rates at its policy meeting.
The bank's monetary policy committee, which meets on Tuesday, is expected to keep interest rates unchanged after recent weakness in the lira currency. But it may increase banks' reserve requirements to keep loan growth in check, economists believe.
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