Turkey Raises Interest Rate Cuts Amid Wage Hike: Navigating a Tightrope Walk
Understanding the Economic Backdrop The Challenges Turkey Faces The economic landscape of Turkey has, of late, presented a complex and challenging picture. Soaring inflation, a persistent depreciation of the Turkish Lira, and the reverberations of global economic uncertainty have created a volatile environment. Against this backdrop, the Central Bank of the Republic of Turkey (CBRT)…
