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Central Bank of Turkiye again lowers interest rate
Region
- 30 October, 2022
- 06:38
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The Central Bank of Turkiye has lowered the interest rate in the country for the third time against the background of record inflation of 83% in the last three months, Report informs, citing the Turkish Statistical Institute.
Inflation in Turkiye exceeded 83% in September. A year ago, it was slightly below 20%.
Currently, the main interest rate in Turkiye is at the level of 10.5%.
At the end of September, the Turkish lira fell to a historic low of 12% against the US dollar. During the trade held on September 26, the currency fell to the lowest level - 18,458 lira for 1 dollar.
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