Turkey had launched the programme to reverse the effects of Erdogan's unorthodox views that interest rates cause inflation.

BRIAN CHEUNG: Well, time now for our Chart of the Day and we are talking about inflation, well, in Turkey where it's ... the surprise decision to cut interest rates from 14% to 13%, which by ...

The persistence of low interest rates and high inflation suggests Turkey’s real interest rate ... opposite direction to the policy rate (see chart 2). Since investors do not believe the central ...

Turkey’s central bank hiked its key interest rate by a surprisingly large 7.5 percentage points to 25% Thursday, signaling a new determination to address rebounding inflation as part of a ...

ANKARA, Turkey — Turkey’s central bank raised its key interest rate by another 2.5 percentage points on Thursday, pressing ahead with a series of hikes aimed at combating inflation that ...

Turkey's central bank lifted interest rates to 35%, one of the highest levels in the world, as policymakers continue to battle sky-high inflation. The Turkish lira initially gained after the ...

ANKARA, Turkey (AP) — Turkey’s central bank lowered its key interest rate by 2.5 percentage points to 47.5% on Thursday, carrying out its first rate cut in nearly two years as it tries to ...

President Erdogan previously argued against raising interest rates as a means of tackling high inflation Turkey's central bank has raised its main interest rate to 40% as part of a concerted ...

Turkey’s $1.2 trillion economy slowed by more than analysts expected in the second quarter, highlighting the impact of higher borrowing costs. Gross domestic product grew by 2.5% year-on-year ...

Turkish President Tayyip Erdogan on Friday vowed to continue his opposition to interest rates, while saying Ankara was ...