Turkey’s central bank hikes interest rate to 15% in dramatic U-turn to fight inflation
Turkey’s central bank hikes interest rate to 15% in dramatic U-turn to fight inflation CNBC Source link
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New Turkish lira
Turkey hikes minimum wage by 55% as inflation and living cost crisis bite
View over the tourist area of Istanbul, Turkey, on october 27, 2022. Rita Franca | Nurphoto | Getty Images Turkey
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Turkey hikes minimum wage by 55% as inflation and living cost crisis bite
Turkey hikes minimum wage by 55% as inflation and living cost crisis bite CNBC Turkey sharply increases minimum wage as inflation
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Turkey hikes minimum wage by 55% as inflation and living cost crisis bite
There is a political angle, country analysts say: Turkey's general election is due to be held in June 2023. Source
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Turkey hikes minimum wage by 55% as inflation and living cost crisis bite
The move is aimed at easing the impact of surging living costs, but economists worry it will further increase inflation.
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Turkish central bank cuts rates again despite high inflation
ANKARA, Turkey — Turkey’s central bank delivered another outsized interest rate cut Thursday despite inflation running at more than 85%
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Inflation in Turkey rises to nearly 80%, hitting consumers
FILE – A man changes Turkish lira for USD and Euro at a currency exchange shop, in Ankara, Turkey, Tuesday,
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Turkey’s inflation soars to 73%, a 23-year high, as food and energy costs skyrocket
A man sells slippers in Eminonu on May 5, 2022, in Istanbul, Turkey. The country has enjoyed rapid growth for
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Data puts Turkey’s annual inflation at 73.5%, a 24-year high
ANKARA, Turkey — Annual inflation in Turkey hit 73.5% in May, the highest rate since 1998, according to official data
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