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Turkey cuts interest rates by 150 basis points despite inflation at 83%

Turkey cuts interest rates by 150 basis points despite inflation at 83%

Turkish President Recep Tayyip Erdogan attends a press conference after his meeting with the Venezuelan President in Ankara on June 8, 2022. Adem Altan | AFP | Getty Images Turkey’s central bank lowered its key rate by 150 basis points for the third consecutive month of decline on Thursday, from 12% to 10.5% – despite …

Turkey cuts interest rates by 150 basis points despite inflation at 83% Read More »

Turkey cuts interest rates by 150 basis points despite inflation at 83%

Turkey cuts interest rates by 150 basis points despite inflation at 83%

Turkish President Recep Tayyip Erdogan attends a press conference after his meeting with the Venezuelan President in Ankara on June 8, 2022. Adam Altan | AFP | Getty Images Turkey’s central bank lowered its key rate by 150 basis points for the third consecutive month of decline on Thursday, from 12% to 10.5% – despite …

Turkey cuts interest rates by 150 basis points despite inflation at 83% Read More »