euronews (in English)
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The bank pushed its policy rate up by 5 percentage points, to 40%, marking its sixth big interest rate hike in a row focused on beating down inflation that hit an eye-watering 61.36% last month.
Transcript
00:00 Turkey's central bank has delivered another huge interest rate hike, pushing up its policy
00:05 rate by five points to 40 percent, the highest rate in 20 years.
00:12 Ankara is fighting an ongoing battle against double-digit inflation that has left households
00:17 struggling to afford food and other basic goods.
00:21 Analysts welcomed the rate hike, which was well above expectations.
00:25 President Erdogan's unorthodox policy of cutting interest rates to fight inflation has been
00:30 blamed for the country's economic turmoil.
00:33 [BLANK_AUDIO]

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