Turkey's Inflation Rate Declines for Second Month in July
Monday, 5 August 2024, 11:12
Overview of the Economic Situation in Turkey
Turkey has recently experienced a significant decline in hyperinflation rates.
Inflation Rate Trends
- July Inflation Rate: Fell to 61.78%
- Previous Rate: 71.6%
Interest Rate Adjustments
The central bank has responded to the crisis by increasing interest rates to 50%.
Conclusion
This adjustment aims to stabilize the economy, although further efforts will be needed to ensure lasting recovery.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.