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https://www.wsj.com/articles/turkish-central-bank-jacks-up-interest-rates-in-reversal-for-erdogan-8f3865

Turkish Central Bank Jacks Up Interest Rates in Reversal for Erdogan

New central bank governor appointed in June raises interest rates for the first time since 2021

By Jared Malsin
 and Chelsey Dulaney
The decision to raise rates comes after President Recep Tayyip Erdogan replaced the head of the central bank. Photo: Ak Party/Zuma Press

ISTANBUL—Turkey’s central bank raised interest rates to 15% on Thursday, the first increase since 2021 and part of a policy correction by the country’s new economic leaders.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.