Now under new leadership, Turkey’s central bank made a surprising move this week to raise benchmark interest rates to 25%. The hike is part of a major reversal of Turkish president Recep Tayyip Erdogan’s unorthodox economic policies that are credited with fueling runaway inflation in the country. The World’s Durrie Bouscaren reports from a market in Istanbul, where the economy has had real impacts on people’s daily lives.
The story you just read is not locked behind a paywall because listeners and readers like you generously support our nonprofit newsroom. Now more than ever, we need your help to support our global reporting work and power the future of The World. Can we count on you?