Regulation, Risk & Compliance
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Turkey's Central Bank hikes interest rate to 15 percent to tackle inflation
Turkey's Central Bank has increased interest rates from 8.5 percent to 15 percent to counter sky-high inflation. Following the decision, the Turkish lira dropped 2.5 percent to its weakest on record against the US dollar, exceeding 24 lira per dollar. The monetary policy committee made the decision on Thursday as…
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Click here to read the full story: Middle East Eye