Türkiye's central bank hikes policy rate to 17,5%

July 20 2023 14:08:32

Türkiye's central bank hikes policy rate to 17,5%

ANKARA

Türkiye’s Central Bank has increased its policy rate - one-week repo rate - from 15 percent to 17,5 percent.

The rate hike was widely expected after Mehmet Şimşek once again took the helm at the economy management and Hafize Gaye Erkan was appointed as the new Central Bank Governor.

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