ALBAWABA - In response to mounting inflationary pressures, the Central Bank of the Republic of Turkey (CBRT) announced a significant hike in its policy rate, raising it by 500 basis points to 50%. Following the decision, the dollar/Turkish lira exchange rate, which stood at 32.4170, experienced a notable decline to 32.0230, representing a 1.2% decrease. The CBRT also made adjustments to its operational framework, widening the margin for overnight borrowing ...