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 one week repo rate mentioned in the text?

What was the average consensus estimate for the interest rate?

What did the Turkish President say about high interest rates?

What are the predictions for GDP growth in Turkey according to the text?

What measures is the Central Bank considering to regain investor confidence?