Türkiye attracts US investors after visit to New York

07:04

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Türkiye

Türkiye attracts US investors after visit to New York

Türkiye's central bank has raised its interest rate by five percent to a 20-year high of 30%. It's the latest hike by the bank to try and battle inflation in the country. The move comes as Turkiye works to achieve its new medium-term program, aimed at price stability and reducing inflation to single digits of 8.5% by 2026. The programme also aims to improve Türkiye's GDP to 4.4% this year as well as increase exports to over 300 billion dollars by 2026. Turkish President Recep Tayyip Erdogan and his delegates visited the United States to attend the 78th UN General Assembly while also holding high-level business meetings along the sidelines to further the new medium-term programme. Emre Boz has more.