![Turkey's central bank raises interest rates to 40%](https://cdn.newsserve.net/ONPglobe256.png)
Turkey's central bank raises interest rates to 40%
Turkey's central bank has raised its main interest rate to 40% as part of a concerted campaign to tackle soaring inflation in the country. The rise, from the previous rate of 35%, was much greater than expected. Inflation - which measures the rate of price rises - hit 61.36% in October and is…
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