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Turkey’s Central Bank Raises Interest Rates to 50% Amid Soaring 70% Inflation

The Central Bank of the Republic of Turkey increased its main interest rates to 50%, a five percentage point raise. The rate was 8.5% a year ago. Now, as inflation approaches 70% annually, the bank said to maintain a stringent monetary policy until a significant and sustained decrease in price inflation is observed.

トルコ共和国中央銀行は、主要金利を5%引き上げ、50%にした。1年前の金利は8.5%だった。今、インフレ率が年間70%に迫る中、中央銀行は、物価の著しいおよび持続的な低下が見られるまで、厳格な金融政策を維持すると述べた。