Catch up locals' news in English
2022-10-20T11:11:27.212Z
The Central Bank of Turkey cut its key interest rate by 1.5 percentage points to 10.5%. This is stated in the message of the regulator. It is noted that the impact of geopolitical risks on global economic activity continues to increase, global growth forecasts are being revised downward, and a recession is assessed as an inevitable risk factor. On September 22, the rate of the Turkish lira against the US dollar hit a new historical low during trading.
This is stated in the message of the regulator.
It is noted that the impact of geopolitical risks on global economic activity continues to increase, global growth forecasts are being revised downward, and a recession is assessed as an inevitable risk factor.
On September 22, the rate of the Turkish lira against the US dollar hit a new historical low during trading.
Source: russiart
