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New sightseeing train completes promotional run in Black Sea Region

Guidance Bill Passed by the Commission

2024 'year of restoration' in economy

Turkish central bank closes tightening cycle with rate hike to 45%

The Central Bank of the Republic of Türkiye (CBRT) raised Thursday its benchmark one-week repo rate by another 250 basis points to 45%, widely correlating.

Türkiye's Central Bank Expected to Raise Interest Rate 2.5%

Türkiye’s central bank is gearing up for its inaugural Monetary Policy Committee meeting of the year, scheduled for Thursday, with a primary focus on the interest rate. The central bank, amid widespread expectations, appears poised to sustain its tightening policy initiated in June. This strategy saw a substantial surge in interest rates, climbing from 8.5% to 42.5% by the close of 2023. Anticipations now point towards an additional 250 basis points increase, pushing the rate to 45% this week.