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In first hint of hike, Turkish Central Bank lifts rate on dollar reserves

Turkey's Central Bank raised the interest rate it pays on U.S. dollar-denominated required reserves on Dec. 17, taking its first step towards the policy-tightening some investors have been hoping for when it meets next week.

The Central Bank will face a crucial credibility test when it meets for the last time this year on Dec. 22.

Erdo?an's chief advisor has 'prepared guns,' ready to die for boss

Turkish President Recep Tayyip Erdo?an?s chief advisor Yi?it Bulut has declared his readiness to defend his boss with ?two pistols and hundreds of bullets,? months after he made headlines claiming that telekinesis-wielding international powers were trying to assassinate Erdo?an.

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