Turkey’s inflation climbs to 68.5% despite continued rate hikes
- Inflation in Turkey surged to 68.5% annually in March, despite efforts to curb it through interest rate hikes.
- The government implemented a series of interest rate hikes, with the most recent increase in late March raising the key rate from 45% to 50%.
- Rising global energy prices, the weakening Turkish lira, and COVID-19 fallout are among the factors contributing to the inflation surge.
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Total News Sources0
Leaning Left4Leaning Right2Center8Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
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