Turkey's Central Bank Takes Swift Action by Increasing Interest Rates to Combat Inflation

Friday, 22 March 2024, 05:43

In a bold move to address the severe inflation crisis, Turkey's central bank has raised interest rates to 50%. The decision has been viewed as a positive signal by experts like Capital Economics' Liam Perch. The move signifies the central bank's proactive approach to stabilizing the economy amidst escalating inflation pressures.

https://store.livarava.com/807a1a12-e814-11ee-9695-5254a2021b2b.jpe — Turkey's Central Bank Takes Swift Action by Increasing Interest Rates to Combat Inflation

Turkey's Central Bank Responds to Inflation Crisis

The decision to respond so quickly...is clearly a very encouraging signal, Capital Economics' Liam Perch wrote in a Thursday note.

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.

Turkey's Central Bank Responds to Inflation Crisis

Related posts