Turkey’s rate hikes turn heads of investors
29 Aug 2023
Turkey’s Central Bank in its August 24 meeting had raised the interest rate by 750 basis points, and 1,650 basis points since the process of tightening the rates began in June, to 25 per cent, from 8.5 per cent to 16 per cent. Newly-appointed central bank governor Hafize Gaye Erkan told Jewellery