Erdoganomics: Turkey cuts rate again, while raising minimum wage 50% - Nikkei Asia

Erdoganomics: Turkey cuts rate again, while raising minimum wage 50% President continues with his risky bet on weak lira December 16, 2021 20:17 JSTUpdated on December 17, 2021 00:02 JST ISTANBUL -- Turkey's central bank announced on Thursday it was slashing its key benchmark rate by 100 basis points to 14% despite a recent plunge in the lira. More:Erdoganomics: Turkey cuts rate again, while raising minimum wage 50% - Nikkei Asia