Interest rates

Turkey Raises Interest Rates to 40 Percent to Tame Runaway Inflation – Santul Nerkar/ THE NEW YORK TIMES

The country’s central bank increased rates by 5 percentage points in an attempt to deal with the soaring cost of household necessities and the...

Turkey’s President Follows His Own Advice Even as Economy Slips – New York Times

"President Recep Tayyip Erdogan sat for an interview on national television late last month, apparently seeking to calm nerves about Turkey’s weakening currency and...

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