International Economic

Turkish central bank lifts interest rates to 50%

By Michele Maatouk

Date: Thursday 21 Mar 2024

(Sharecast News) - The Turkish central bank announced on Thursday that it was lifting its policy rate to 50% from 45% in a surprise move.
Annual consumer price inflation in Turkey hit 67.07% in February, exceeding expectations.

The central bank said in a statement: "Tight monetary stance will be maintained...

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