The New York Times: Turkey Raises Interest Rates to 40 Percent to Tame Runaway Inflation

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Turkey Raises Interest Rates to 40 Percent to Tame Runaway Inflation

The country's central bank increased rates by 5 percentage points in an attempt to deal with the soaring cost of household necessities and the devaluing of the lira.

Source: Turkey Raises Interest Rates to 40 Percent to Tame Runaway Inflation