ANKARA — The Central Bank of Turkey on Thursday hiked interest rates to 46% from 42.5%, marking a return to monetary tightening after a year-long pause. The move comes amid economic turmoil triggered by the arrest of Istanbul Mayor Ekrem Imamoglu.
Thursday’s meeting was the first since Imamoglu, a presidential contender from the main opposition Republican People’s Party (CHP), was detained on March 19 and subsequently jailed on March 23 on corruption charges, which he denies. Government…
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News Source: www.al-monitor.com









