Turkey raises policy rate to 40% amid soaring inflation of 60% - Nikkei Asia

Turkey raises policy rate to 40% amid soaring inflation of 60% After hawkish move, central bank says monetary tightening to 'slow down' November 24, 2023 09:56 JST ANKARA (AP) -- Turkey's central bank delivered another huge interest rate hike on Thursday as it tries to curb double-digit inflation that has left households struggling to afford food and other basic goods. More:Turkey raises policy rate to 40% amid soaring inflation of 60% - Nikkei Asia