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2026-05-05 04:56:01

The cost of high-interest rate exchange rate protection is an economic slowdown; Turkey chose a hard landing.

View Original

CryptoFrontier2026-05-05 04:52:09

Turkey Maintains 37% Rate Despite 32% Inflation, Trade Deficit

Turkey's central bank maintained its tight monetary policy in April 2026 despite persistent inflation and slowing economic activity, keeping its main interest rate at 37 percent to defend the lira and restrict credit, according to the bank's latest policy decision.

The central bank has limited lira

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