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Turkey forges new economic policies but lira’s plunge continues

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Published
Turkey’s central bank has almost doubled the main interest rate.
The rise from 8.5 to 15 percent is aimed at reducing rampant inflation and the cost of living.
And it reverses one of President Recep Tayyip Erdogan's main economic policies following his re-election last month.

Al Jazeera’s Sinem Koseoglu reports from Istanbul, Turkey.

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Category
World
Tags
Al Jazeera, Al Jazeera English, Hiked interest rates
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