By Finance Pulse in Monetary Policy —

Turkey's Central Bank Hikes Rates to 50%

Turkey's central bank drastically increased interest rates from 8.5% to 50% between May 2023 and March 2024, impacting monetary policy and economic outlook.

An artistic illustration of a financial graph with upward trending lines, symbolizing the dramatic i
Turkey's Central Bank Hikes Rates to 50%

The Turkish central bank previously raised interest rates from 8.5% to 50% between May 2023 and March 2024.

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