Turkey Raises Interest Rates 625 Basis Points to 24%

MarketsETF Trends

This article was originally published on ETFTrends.com.

To help stem the tide of its record low currency levels amid high inflation, Turkey’s central bank raised interest rates by 625 basis points to 24% in a move that runs counter to President Recep Tayyip Erdogan’s request to keep borrowing costs low. The move by the central bank comes as a surprise as the [...]

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