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Turkey Lowers Main Rate to 47.5% in 1st Cut Since 2023

Turkey’s central bank lowers key interest rate to 47.5%

Turkey’s central bank has lowered its key interest rate by 2.5 percentage points to 47.5%, carrying out its first rate cut in nearly two years as it tries to control soaring inflation.

Al-Monitor · 40m

Turkey’s Central Bank lowers interest rates for the first time in nearly 2 years

The decision to cut interest rates follows 18 months of monetary tightening and comes amid ongoing efforts to stabilize the country’s runaway inflation.

Legit on MSN · 3h

Turkey lowers interest rate to 47.5 percent

Turkey's central bank lowered its key interest rate on Thursday, the first cut in nearly two years as it battles with double-digit inflation. The central bank began to raise interest rates last year to battle soaring prices,

Bloomberg L.P. · 4h

Turkey Lowers Main Rate to 47.5% in First Cut Since 2023

Turkey’s central bank lowered interest rates for the first time in almost two years after consumer inflation showed signs of easing and said that future easing steps would depend on price data.

Turkey, minimum wage

Reuters · 1d

Turkey raises monthly minimum wage by 30% for 2025

Turkey's net monthly minimum wage will be 22,104 Turkish lira ($630.36) in 2025, Turkish President Tayyip Erdogan said on Tuesday, marking a 30% increase from 2024.

Bloomberg L.P. · 1d

Turkey Raises Minimum Wage by 30%, Boosting Rate Cut Chances

Turkey raised the monthly minimum wage by 30%, a relief for investors looking for concrete steps to dial back populist policies and commit to curbing one of the world’s highest inflation rates.

Intellinews on MSN · 2h

Turkey hikes minimum wage by 30% in line with financial market demands

By Akin Nazli in Belgrade Turkey has hiked its net minimum wage by 30% to Turkish lira (TRY) 22,104 ($627) effective as of January 1, 2025, labour minister Vedat Isikhan said on December 24. The cost of the minimum wage to the employer,

Democracy Now15h

Turkey’s Erdoğan Threatens to “Bury” Syrian Kurds Unless They Lay Down Arms

Many of the protesters waved the green, yellow and red flags of the Women’s Protection Units, an affiliate of the Kurdish ...

1don MSN

Turkey's soaring costs are creating a 'lost generation' of kids forced to help their families get by

In a dim one-room apartment in one of Istanbul’s poorest neighborhoods, 11-year-old Atakan Sahin curls up on a threadbare ...

New York Sun6h

Turkey, in Concert With Damascus, Aims To Redefine Maritime Boundaries in Its Favor

After Assad’s ouster earlier this month, Ankara is keener than ever to exploit energy resources under the Mediterranean Sea.

1don MSN

Hearts Melt Over Rescue Husky in 'Turkey Coma' After Finding Forever Home

"That is the way it should be for all dogs!" said one TikTok user after watching the clip of the pet sleeping off the ...

1don MSN

Kurdish militia in Syria will be buried if they do not lay down arms, Turkey's Erdogan says

Turkish President Tayyip Erdogan said on Wednesday that Kurdish militants in Syria will either lay down their weapons or "be ...

1don MSN

How did the turkey became the star of Christmas dinners?

One tradition says it was King Henry VIII who elevated the turkey as the star of Christmas dinners. Another legend credits ...

Turkey jails owner of hotel that collapsed during 2023 quake

A Turkish court on Wednesday sentenced the owner and the architect of a hotel which collapsed in a devastating earthquake in ...

Eleven people killed in explosives factory blast in Turkey, minister says

A blast ripped through an explosives factory in northwest Turkey on Tuesday, killing 11 people and injuring seven, Interior ...

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Turkey Lowers Main Rate to 47.5% in 1st Cut Since 2023

Turkey, minimum wage

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