March 29, 2023
11 °C London, UK

Turkey Cuts Interest rates by 100 bps

Turkey USDTRY

The Central Bank of Turkey cut the interest rates by 100 bps from 13% to 12%. The Central Bank proceeded with an interest rate cut as the inflation in August hit 80.2%.

USDTRY continues to hover at historical highs around 18.32.

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