Turkey hikes interest rates to 40% to battle sky-high inflation

Turkey hikes interest rates to 40% to battle sky-high inflation

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AP Photo/Francisco Seco Turkey's central bank raised interest rates by five percentage points on Thursday. It was the sixth consecutive rate hike and took the rate to 40%. Inflation hit 61.3% in October, almost unchanged from 61.5% in September. ANKARA, Turkey (AP) — Turkey's central bank…

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