Turkey News

Turkey Sees a Slight Dip in Annual Inflation Rate, Dropping to 44.38% in December

Turkey's annual inflation rate decreased to 44.38% in December from 47.09% in November. Education and housing prices saw the highest increases, while transportation and clothing ex...

Turkey Slashes Interest Rates to 47.5%: A Bold Move to Stabilize Economy

The Central Bank of the Republic of Turkey has cut its key interest rates to 47.5%, the first reduction since February 2023, aiming to stabilize the economy by addressing inflation...

Turkey's Annual Inflation Drops to 47.09% in November: A Slight Relief Amidst Economic Challenges

Turkey's annual inflation rate dropped to 47.09% in November, down from 48.58% in the previous month. Despite the decline, education and housing prices saw the highest increases, w...