Turkey’s central financial institution has nearly doubled the primary rate of interest.
The rise from 8.5 to fifteen p.c is aimed toward lowering rampant inflation and the price of residing.
And it reverses considered one of President Recep Tayyip Erdogan’s foremost financial insurance policies following his re-election final month.
Al Jazeera’s Sinem Koseoglu studies from Istanbul, Turkey.
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