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