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Turkey in first rate hike for almost 3 years: central bank

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ANKARA - The Turkish central bank on Thursday announced it was hiking its main interest rate by 50 basis points, in a bid to counter a drastic fall in the value of the lira in recent months.

The monetary policy committee of the bank said the one-week repurchasing rate was being lifted to 8.0 percent from 7.5 percent, the first rate hike by the bank since January 2014.

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Muslim Global: Turkey in first rate hike for almost 3 years: central bank
Turkey in first rate hike for almost 3 years: central bank
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Muslim Global
http://www.muslimglobal.com/2016/11/turkey-in-first-rate-hike-for-almost-3.html
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