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