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.
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  • 38% of the sources are Center
38% Center
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