Source: CNBC
“Turkey’s central bank surprised markets on Thursday when it raised its key interest rate, the one-week repurchase rate, from 42.5% to 46%, ending the easing cycle it began in December of last year. The decision comes on the back of economic disruption due to U.S. tariffs and major political unheaval and investor flight following the arrest of Istanbul mayor and opposition leader Ekrem Imamoglu in March.” (04/17/25)
https://www.cnbc.com/2025/04/17/turkeys-central-bank-surprises-with-350-basis-point-rate-hike.html