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Turkey's central bank hikes interest rate to 40% in effort to beat back double-digit inflation
Video Credit: euronews (in English)
Published on November 24, 2023 - Duration: 00:35s
Turkey's central bank hikes interest rate to 40% in effort to beat back double-digit inflation
The bank pushed its policy rate up by 5 percentage points, to 40%, marking its sixth big interest rate hike in a row focused on beating down inflation that hit an eye-watering 61.36% last month.
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