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Market Spotlight

Heat rises on Turkey's central bank chief

Satisfying Erdogan and financial markets proves a major dilemma for Kavcioglu

SINAN TAVSAN, Nikkei staff writer | Turkey

ISTANBUL -- While markets reacted positively to Turkey's central bank when it held interest rates steady last week, the decisions that Gov. Sahap Kavcioglu must make in future months will be harder and fraught with more risk for the embattled lira.

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