Central Bank of Turkey raises key interest rate to 46%, reversing easing cycle amid tariff worries

The monetary authority of Turkey has unexpectedly hiked its key policy rate while warning of rising monthly inflation against the backdrop of global tensions over new tariffs. The surprise decision reverses an easing cycle that began at the end of 2024, after more than a year of tightening aimed at bringing down heightened prices, Turkish […] source: https://www.cryptopolitan.com/central-bank-of-turkey-raises-interest-rate/