NATO state raises interest rates to 40% ...News

Russia Today - Economy
NATO state raises interest rates to 40%
source : Russia Today ( News ) () 28
The Turkish central bank’s rate hike was double economists’ expectations   Türkiye’s central bank hiked its key interest rate to 40% on Thursday in an effort to tackle soaring inflation. The rise by another 500 basis points from the previous 35% is double the increase that economists expected. The projection was for an increase of 250 basis points. The move was seen by the market as a continuation of the central bank’s attempts to tame surging inflation and prop up a falling Turkish lira. Inflation in the country came in at a massive 61% in October. “Really impressive move by the CBRT (Central Bank of the Republi

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