{"id":85708,"date":"2023-06-22T17:03:00","date_gmt":"2023-06-22T13:03:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=85708"},"modified":"2023-06-22T17:03:01","modified_gmt":"2023-06-22T13:03:01","slug":"turkiye-raises-the-interest-rate-by-650-basis-points-to-15","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/turkiye-raises-the-interest-rate-by-650-basis-points-to-15\/06\/22\/market-updates\/","title":{"rendered":"T\u00fcrkiye raises the interest rate by 650 basis points to 15%"},"content":{"rendered":"\n<p>Turkey&#8217;s central bank raised its base interest rate by 650 basis points to 15 percent on Thursday, reversing President Recep Tayyip Erdogan&#8217;s policy of cutting interest rates, but the move towards post-election tightening still fell short of expectations.<\/p>\n\n\n\n<p>In its first meeting after the appointment of Hafiza Ghaya Arkan as governor, the central bank changed course after it pursued for years a policy of monetary easing, in which the rate of one-week repurchase agreements (repo) fell to 8.5 percent from 19 percent in 2021 despite high inflation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Turkey&#8217;s central bank raised its base interest rate by 650 basis points to 15 percent on Thursday, reversing President Recep Tayyip Erdogan&#8217;s policy of cutting interest rates, but the move towards post-election tightening still fell short of expectations. In its first meeting after the appointment of Hafiza Ghaya Arkan as governor, the central bank changed &hellip;<\/p>\n","protected":false},"author":9,"featured_media":70432,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[8473,6987,8494,7095],"class_list":["post-85708","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-consumer-inflation","tag-inflation","tag-inflationary-pressures","tag-turkey"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/85708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=85708"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/85708\/revisions"}],"predecessor-version":[{"id":85709,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/85708\/revisions\/85709"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/70432"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=85708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=85708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=85708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}