Turkey surprises with interest rate cut as inflation soars - New Zealand Herald
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8/18/2022 12:00:00 AM3 years 6 months ago
Currency slides after central bank loosens policy further and lowers rate.
President Recep Tayyip Erdoan has an unusual theory that high interest rates cause inflation. Photo / Khalil Hamra, APTurkey has shocked markets with a 100 basis point interest rate cut despite infla… [+3227 chars]
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