- Turkey’s central bank announced another interest rate cut on Thursday, reducing its key rate to 13% from 14%.
- Erdogan, keen for the central bank to pursue policies designed to spur growth, has sacked three central bank heads who pursued a more traditional economic policy since 2019.
- Norway’s central bank bumped its base rate by another 0.5% to 1.75%, warning that more increases were likely, probably starting at the next available opportunity in September.
Turkey cuts interest rates again, even amid 80% inflation 18.08.2022
