Finance and Economics
Turkey's Central Bank Promises to Achieve 24% Inflation Target
The Central Bank of Turkey will continue its strict policy to reduce inflation to 24% by the end of 2025.
The Central Bank of Turkey will continue its strict policy to reduce inflation to 24% by the end of 2025.
The Central Bank of Turkey has reduced its key interest rate to 47.5% annually, marking the first cut in two years. Previously, the rate had been held at a 20-year high of 50% for eight consecutive meetings. This move reflects the regulator’s efforts to balance inflation control with economic stimulation.
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