Turkey ' s inflation problem is so severe the central bank just hiked interest rates to 50%, months after it said it was done raising rates

Americans are struggling to cope with interest rates around 5%, but in Turkey, consumers are facing borrowing costs 10 times as high. Turkey’s central bank shocked investors by hiking interest rates by another 500 basis points to 50% on Thursday in a bid to fight rampant inflation. Central bank…#turkey #ukraine #trump #capitaleconomics #liamperch #turkish #hafizegayeerkan #firstrepublicbank #fatihkarahan #receptayyiperdogan
Source: Reuters: Health - Category: Consumer Health News Source Type: news