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Turkey's central bank lifts key rate again to 45%

Turkey's central bank has today delivered what it said was the final interest rate hike of a historic tightening cycle that more than quintupled borrowing costs to fight record inflation.
Business • 25 Jan 24

Turkey raises rates to 42.5%, nears end of cycle

Turkey's central bank lifted its key interest rate by 250 basis points to 42.5% today as expected, and said the aggressive tightening cycle will be done "as soon as possible" as it faces down years of soaring inflation.
Business • 21 Dec 23

Turkish central bank raises inflation forecast to 58%

Turkey's central bank raised its end of2023 inflation forecast to 58% from 22.3% in its previous report, its new governor, Hafize Gaye Erkan, said today, vowing to continue the bank's gradual monetary tightening.
Business • 27 Jul 23

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