Turkey's central bank raises interest rates by 2.5 points to 17.5%

Middle East News
20-07-2023 | 07:36
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
print
Turkey's central bank raises interest rates by 2.5 points to 17.5%
Whatsapp
facebook
Twitter
Messenger
telegram
print
0min
Turkey's central bank raises interest rates by 2.5 points to 17.5%

The Central Bank of Turkey raised its key interest rate for the second consecutive month on Thursday, increasing it from 15% to 17.5% in an attempt to curb accelerating inflation.

In a statement, the Central Bank announced its decision to raise the interest rate by 2.5 percentage points and "continue to maintain a tight monetary policy to achieve a reduction in inflation as soon as possible."

The bank clarified that it will gradually tighten its monetary policy "as necessary until a significant improvement in inflation expectations occurs."
 
 
 
 
 
 
 
 
AFP

Middle East News

Turkey

Central

Bank

Raises

Key

Interest

Rate

Second

Consecutive

Month

Inflation

Currency

Crisis

LBCI Next
Trump says he will visit Saudi Arabia, Qatar, UAE as early as May
Recommended For You
d-none hideMe
LBCI
World News
15:59

France to recognise Palestinian state in September, Macron says

LBCI
Israel-Gaza War Updates
14:22

Britain, France, Germany to hold Gaza 'emergency call' Friday: UK

LBCI
Israel-Gaza War Updates
13:30

Israeli PM warns Hamas truce talks no sign of weakness

LBCI
Israel-Gaza War Updates
13:23

US envoy Witkoff says withdrawing from Gaza talks, considering 'alternative options'

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
Middle East News
2025-06-16

Cyprus receives requests to help evacuate Portugal, Slovakia citizens from Middle East

LBCI
Israel-Gaza War Updates
2025-05-18

Israeli army announces large-scale ground operation in northern and southern Gaza

LBCI
World News
2025-06-11

Trump says he is less confident about Iran nuclear deal

LBCI
Middle East News
2025-06-26

Khamenei says Iran will 'never surrender' to US

Videos
d-none hideMe
LBCI
Lebanon News
2025-07-15

Pregnant journalist Petra Abou Haidar attacked in road rage assault

LBCI
Lebanon News
2025-07-01

Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district

LBCI
Lebanon News
2025-06-10

Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)

LBCI
Lebanon News
2025-06-04

Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties

LBCI
Lebanon News
2025-05-19

President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels

LBCI
Lebanon News
2025-05-15

LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future

LBCI
Lebanon News
2025-05-11

Kuwait rolls out official welcome for Lebanon's President Aoun – video

LBCI
Lebanon News
2025-05-11

Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers

LBCI
News Bulletin Reports
2025-05-09

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
Download now the LBCI mobile app
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More