Turkiye s central bank raised its key interest rate by another 2.5 percentage points on Thursday, pressing ahead with a series of hikes aimed at combating inflation that reached nearly 65% in December.
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Turkey s central bank raised its key interest rate by 2.5 percentage points on Thursday as part of its efforts to battle high inflation that has left many households struggling to afford rent and essential items.
Turkey’s central bank hiked its key interest rate by 2.5 percentage points on Thursday as part of its efforts to combat high inflation that has left many households struggling to afford rent and essential items. The bank's Monetary Policy Committee raised its benchmark rate to 42.5%, delivering its seventh interest rate hike in a row