Turkish Central Bank announces it will stop cutting interest rates
The decision could help stop rising inflation in Turkey, which is taking a toll on the economy.
![Turkey lira](/sites/default/files/styles/article_hero_medium/public/2022-01/GettyImages-1237351721.jpg?h=1d34674f&itok=54S5_Udk)
Turkey’s Central Bank said today that it will stop cutting interest rates.
The bank’s Monetary Policy Committee said in a statement that it will keep rates “constant” at 14 percent, which it hopes will lead to less inflation in Turkey.