Central Bank Economy Inflation interest rates Israel / Middle East lira National Security Recep Tayyip Erdogan Turkey

Turkey Hikes Interest Rates, Lira Plunges as Erdogan Reverses Disastrous Policies

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Jun 24, 2023

Turkey Hikes Interest Rates, Lira Plunges as Erdogan Reverses Disastrous Policies

The Central Bank of Turkey hiked interest rates for the first time in 27 months on Thursday, reversing a key economic policy that President Recep Tayyip Erdogan stubbornly defended throughout his turbulent reelection campaign.

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