The Tahtakale Bazaar in Istanbul. Analysts expect inflation at close to 70 per cent by the end of this year. EPA
The Tahtakale Bazaar in Istanbul. Analysts expect inflation at close to 70 per cent by the end of this year. EPA

Business

Economy

Turkey's central bank increases interest rate to 30% as country tries to tackle inflation

A fourth-straight increase intensifies a tightening cycle that began after President Erdogan’s re-election in May

Bloomberg

September 21, 2023