250-Basis Point Turkish Central Bank Rate Hike Matches Expectations

In Turkey where CPI and PPI inflation last month stood at 62.0% and 42.3%, the one-week repo rate was lifted after the December monthly review of monetary policy by an additional 250 basis points to 42.5%. The Central Bank of Turkey‘s benchmark rate had fallen from 19.0% to 8.5% between September 2021 and February of […]