Türkiye’s Central Bank raises interest rates by 500 basis points

Türkiye’s Central Bank raises interest rates by 500 basis points
# 21 September 2023 15:14 (UTC +04:00)

The Central Bank of the Republic of Türkiye (CBRT) Monetary Policy Committee (MPC) increased the policy rate by 500 basis points, raising it from 25% to 30%, in line with expectations, APA reports.

Although the increase in the value of Bitcoin against the Turkish lira is showing signs of gaining momentum again, this momentum is being curbed by the decline against the US dollar.

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