Turkey Raises Interest Rates to 40 Percent to Tame Runaway Inflation

Turkey Raises Interest Rates to 40 Percent to Tame Runaway Inflation

The New York Times - Business:

The country’s central bank increased rates by 5 percentage points in an attempt to deal with the soaring cost of household necessities and the devaluing of the lira.

This post first appeared in The New York Times - Business. Read the original article.