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Turkish CB Raises Rate To 45%, Signals End To Tightening Cycle

Por: RTTNews Business January 25, 2024

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Turkey's central bank announced a further hike in the key interest rate, as expected, on Thursday with the aim of ensuring a decline in the underlying trend of inflation and returning it to the 5 percent target in the medium term, while signalling the end of its tightening cycle.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... + full article



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