Turkey's central bank on Thursday surprised the market with a larger-than-expected interest hike as it ramped up its fight against
Turkey’s central bank on Thursday surprised the market with a larger-than-expected interest hike as it ramped up its fight against inflation and efforts to support the slumping lira. The bank lifted its policy rate by 5.0 percentage points to 40 percent on the sixth month of a belt-tightening cycle that has more than quadrupled borrowing […]
The post Turkey delivers another major interest rate hike appeared first on Insider Paper.
https://insiderpaper.com/turkey-delivers-another-major-interest-rate-hike/
Comments
0 comment