Türkiye’s central bank hikes interest to 46%, citing global economic uncertainties – Türkiye Today

Central Bank of the Republic of Türkiye (CBRT) raised its policy rate to 46% in April, up from 42.5%, reversing its previous easing cycle that saw three consecutive interest rate cuts. The bank cited persistent inflationary pressures and growing global economic uncertainties as key reasons behind the decision.

Details to follow…