Turkey's central bank hikes main interest rate to 19%
- Economy
- AFP
- Published Date: 02:19 | 18 March 2021
- Modified Date: 02:19 | 18 March 2021
Turkey's central bank on Thursday hiked its main interest rate by a higher-than-expected 200 basis points to 19 percent.
The bank said it "has decided to implement a front-loaded and strong additional monetary tightening" after seeing the annual inflation rate climb to 15.6 percent last month.