The country’s central bank increased rates by 5 percentage points in an attempt to deal with the soaring cost of household necessities and the devaluing of the lira.
Turkey Raises Interest Rates to 40 Percent to Tame Runaway Inflation
The country’s central bank increased rates by 5 percentage points in an attempt to deal with the soaring cost of household necessities and the devaluing of the lira.
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