'No magic wand' to tackle high prices, Fed boss says as US interest rates held - BBC

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Turkey’s central bank decided to resume weekly repo auctions at its 37% policy rate, a step toward normalizing funding conditions and betting that the worst of the Iran war’s economic fallout has passed.

Federal Reserve Bank of Minneapolis President Neel Kashkari played down concerns over rising US Treasury yields, saying markets are functioning well and the recent surge is unlikely to affect monetary policy…