Turkey's Central Bank Hikes One-Week Repo Rate to 24%

The video discusses the Central Bank of Turkey's decision to set the one-week repo rate at 24%, which was higher than expected. This move aims to restore credibility amidst high inflation and slowing growth. The Turkish President's controversial comments on interest rates and inflation are highlighted, alongside the Central Bank's independence. The market reacted positively, with the stock market and lira rising, despite concerns of a recession. The government plans to address market manipulation and improve investor confidence.

What was the new one-week repo rate set by the Central Bank of Turkey?

• 21%

• 24%

• 20%

• 25%

What did the Turkish President claim about high interest rates?

• They stabilize the currency

• They cause inflation

• They attract foreign investment

• They boost economic growth

How did the market react to the Central Bank's rate decision?

• The lira remained stable

• The stock market rose

• The lira depreciated

• The stock market fell

What was Turkey's GDP growth rate in the second quarter?

• 5.8%

• 4.8%

• 5.2%

• 6.5%

What economic scenario is predicted for Turkey in 2019?

• Rapid growth

• Hyperinflation

• Stagflation

• Deflation