Turkish central bank has kept the policy rate unchanged at 50 per cent.
Despite a slight decline in monthly inflation in April, domestic demand slowed, and imports rose,.
Despite the hardship interest rate rises have imposed on Australians with outstanding debts, they might still spare a thought for the citizens of this country.
Turkey shocks with big rate hike to 25%, boosting lira inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.
Turkey s central bank hiked
its key interest rate by a larger-than-expected 750 basis points
to 25% on Thursday, sparking a rare lira rally and signalling a
new determination to address rebounding.