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Turkish Central Bank Raises Key Rate By 500 Bps To 40%

Por: RTTNews Business November 23, 2023

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Turkey's central bank announced a further massive hike in the key interest rate on Thursday with the aim of ensuring a decline in the underlying trend of inflation and return it to the 5 percent target in the medium term.The Monetary Policy Committee of the Central Bank of the Republic of Turkey, or CBRT, headed by Governor Hafize Gaye Erkan, decided to hike the policy rate from 35.0 percent to 40.0 percent.The Committee assessed that the... + full article



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