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World

Turkey’s Central Bank Raises Rates to Near Two-Decade High

August 24, 2023August 24, 2023Aaron BoxermanComments Off on Turkey’s Central Bank Raises Rates to Near Two-Decade High
The bigger-than-expected rate increase, to 25 percent, is aimed at curbing stubbornly high inflation that exceeded 80 percent last year.
Tagged Banking and Financial Institutions, Currency, Economic Conditions and Trends, Erdogan, Recep Tayyip, Interest Rates, Politics and Government, Turkey
Aaron Boxerman
https://www.nytimes.com/section/world

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