Published

Inflation forces Turkey's central bank chief to move in with parents

  • The cost of living in Istanbul has become prohibitively expensive, forcing many people to move in with family members.
  • Inflation in Turkey reached 61% in November, prompting the central bank to raise benchmark lending rates to 40%.
  • Rent increases have been capped at 25%, but this has exacerbated housing tensions as landlords try to evict tenants in order to increase rents.
Insights by Ground AI
Does this summary seem wrong?
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 36% of the sources are Center, 36% of the sources lean Right
36% Right
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)