Posted inMiddle East, Turkey

Turkish Central Bank hikes interest rate to 24%

The Central Bank of Turkey on Thursday hiked its one-week repo rate by 625 base points, raising its policy rate from 17.75 to 24%, state news agency Anadolu reported. The bank’s Monetary Policy Committee said in a statement it was implementing “a strong monetary tightening to support price stability.” The move comes amid a currency […]

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