Turkey cuts interest rates again as country struggles under 80% inflation

Capt. John

Turkey’s central bank surprised markets once again with its decision Thursday to cut its key interest rate, despite inflation in the country surging beyond 80%. The country’s monetary policymakers opted for a 100 basis point cut, bringing the key one-week repurchase rate from 13% to 12%. In August,...

https://www.hellenicshippingnews.com/turkey-cuts-interest-rates-again-as-country-struggles-under-80-inflation/

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