“Turkey’s central bank raises interest rate to 50% despite previous hints of end to hike cycle”
March 28, 2024
“Turkey’s central bank on Thursday raised its key interest rate, the one-week repurchase rate, from 45% to 50%, citing the continuing need to counter climbing inflation in the country… Turkish annual consumer price inflation soared to 67% in February, fueling concerns that Turkey’s central bank — which had indicated a month prior that its painful eight-month-long rate-hiking cycle was over — might have to return to tightening…”
https://www.cnbc.com/2024/03/21/turkey-central-bank-raises-interest-rate-to-50percent-.html