Price stability top priority, says economy board hurriyetdailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hurriyetdailynews.com Daily Mail and Mail on Sunday newspapers.
Turkish central bank to announce interest rate decision today - [İLKHA] Ilke News Agency ilkha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ilkha.com Daily Mail and Mail on Sunday newspapers.
The Turkish Central Bank raised its main key rate from 17.5% to 25%. The measure aims to curb the high inflation that has been undermining the purchasing power of Turks for nearly two years. With this new increase, the Central Bank confirms the turning point that began after the re-election of President Erdogan at the end of May. The head of state claimed that rate hikes caused inflation. However, it is in the name of the fight against inflation – which has reached 48% over one year – that the Turkish government justifies this new rate increase.
Turkish central bank to announce interest rate decision on August 24 ilkha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ilkha.com Daily Mail and Mail on Sunday newspapers.