Türkiye announces massive interest rate hike     ...News

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Türkiye announces massive interest rate hike    
The 7.5 percentage point increase comes as Ankara returns to more “rational” economic policies, economists say   The Turkish central bank raised its benchmark interest rate by 7.5 percentage points on Thursday to 25% in a bid to curb spiraling inflation.      The hike was significantly higher than the increase to 20% that many economists had expected.      The regulator opted for a major increase in a sign of a turn to more “rational” economic policies after years of rate-cutting, which has been blamed for fueling inflation and the cost-of-living crisis in Türkiye.      Thursday’s hike is further evidence that pol

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