People shop at the Mahmutpasa bazaar in Istanbul, Turkey. The central bank has been raising interest rates since mid-2023 to bring down inflation. EPA
People shop at the Mahmutpasa bazaar in Istanbul, Turkey. The central bank has been raising interest rates since mid-2023 to bring down inflation. EPA
Turkey cuts interest rates for first time in nearly two years
Move to bring rate down to 47.5% came amid signs of easing inflation in the country
