As Turks wrestle with inflation, central bank cuts rates again (Umar Farooq, Al Jazeera)

October 22, 2021

Turkey’s central bank announced a bigger-than-expected interest rate cut on Thursday – marking the latest in a string of policy moves that have seen investors punish the lira and economists warn of even more inflation pain for Turkish consumers.

Central bank policymakers led by Governor Sahap Kavcioglu, slashed Turkey’s benchmark interest rate by two percentage points to 16 percent – a massive cut that exceeded most forecasts.

As Turks wrestle with inflation, central bank cuts rates again | Business and Economy News | Al Jazeera

Marco Emanuele

Marco Emanuele è appassionato di cultura della complessità, cultura della tecnologia e relazioni internazionali. Approfondisce il pensiero di Hannah Arendt, Edgar Morin, Raimon Panikkar. Marco ha insegnato Evoluzione della Democrazia e Totalitarismi, è l’editor di The Global Eye e scrive per The Science of Where Magazine. Marco Emanuele is passionate about complexity culture, technology culture and international relations. He delves into the thought of Hannah Arendt, Edgar Morin, Raimon Panikkar. He has taught Evolution of Democracy and Totalitarianisms. Marco is editor of The Global Eye and writes for The Science of Where Magazine.

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