Relected In May News Today : Breaking News, Live Updates & Top Stories | Vimarsana

I m mark lobel. we start in turkey where the central bank have just announced their latest action to battle surging prices raising the base interest rate by 2.5% to 17.5%. a significant hike but less than many had predicted after last months mega move saw the cost of borrowing nearly double. now this is all part of an about turn for turkish economic policy since president erdogan was relected in may. for an economy facing inflation of almost 40% yes 40% and a cost of living crisis. financialjournalist victoria craig nowjoins us from ankara. when nowjoins us from ankara. we were chatting about hours when we were chatting about three hours ago, you expect at a rate rise into the 20s but you also said that president erdogan was no fan of rising interest rates and so is that what has happened? has he got his way? what has happened? has he got his wa ? ., , what has happened? has he got his wa ? . , . , what has happened? has he got his wa ? ., , ., , , ., what has happened? has h ....

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