Turkey raises rate 1st time in 2 years to contain inflation

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Turkey raises rate 1st time in 2 years to contain inflation

the country’s fast economic recovery and it “assessed that the tightening steps taken since August should be reinforced in order to contain inflat

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the country’s fast economic recovery and it “assessed that the tightening steps taken since August should be reinforced in order to contain inflation expectations and risks to the inflation outlook.”

The Central Bank of the Republic of Turkey (CBRT) raised its one-week repo rate by 200 basis points to 10.25 percent, unwinding some of the 375 point […]

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