Turkey Lowers Interest Rates
This is a Turkey news story, published by Yahoo Finance, that relates primarily to Recep Tayyip news.
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interest ratesAssociated Press News
•Turkey's central bank lowers key interest rate to 47.5%
85% Informative
Turkey ’s central bank lowers its key interest rate by 2.5 percentage points to 47.5% on Thursday .
Inflation in Turkey surged in recent years due to declining foreign reserves.
President Recep Tayyip Erdoan's unconventional economic policy of lowering rates as a way to tame inflation.
VR Score
92
Informative language
95
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53
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semi-formal
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English
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54
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