Interest Rates

Turkey's central bank hikes key interest rate to 24 percent

Its monetary committee decided to "implement strong monetary tightening to support price stability," it said on Thursday, as it raised interest rates by 625 basis points in the face of a spike in inflation and a slump in the lira.

Turkey's new central bank chief signals simpler policy

Making his first public appearance to announce Turkey's second inflation report of this year, the new head of Turkey's Central Bank, Murat Cetinkaya, signals simpler policies