Turkey’s Central Bank – BOL News Staging

Turkey halts four-month streak of rate cuts

January 21, 2022 by Muhammad Zubair

ISTANBUL: Turkey’s central bank on Thursday bowed to market pressure and halted a four-month streak of interest rate cuts that saw inflation soar and the currency collapse. The bank left its policy rate at 14 per cent two days after President Recep Tayyip Erdogan, a fervent opponent of high interest rates, said future reductions could … Read more

Turkey faces threat of inflation, currency crisis

November 19, 2021 by Sarfaraz Rizvi

ANKARA: Turkey’s Central Bank meeting on Thursday was held amid heated debates about the high interest rates and the continued depreciation of the Turkish lira against foreign currencies, Arab News reported. As expected, the central bank cut rates by another 100bps, which sent the lira plummeting to a new record low. On Wednesday, Turkish President Recep Tayyip … Read more

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