Turkey Central Bank Raises Benchmark Rate to 8%

The transcript discusses a recent rate decision where the benchmark rate was raised to 8%. It highlights the Turkish leader's potential influence and the Prime Minister's criticism of economic policymakers. The market reacted with the Turkish lira weakening to a record low and the debt equity market slumping. The interest rate was raised again, impacting the economy.

What was the state of the Turkish lira mentioned in the text?

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What was the interest rate trend mentioned in the text?

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