Turkey raises interest rate to 15% from 8.5% to fight inflation

Bravo! Impressive! Women can be tough and they can get down to business!

"Two weeks after President Recep Tayyip Erdogan appointed former Goldman Sachs banker Hafize Gaye Erkan as governor, Turkey's central bank delivered a 6.5-point interest rate hike on Thursday, lifting the benchmark rate to 15%.

The first hike since March 2021 was lower than expected for a country facing an inflation rate of 39.6%. The lira tumbled 3% to a new depth of 24.3 to the dollar shortly after the central bank move was announced. ..."

Turkey raises interest rate to 15% from 8.5% to fight inflation - Nikkei Asia Hafize Gaye Erkan, first woman to head central bank, begins 'gradual' tightening

Hafize Gaye Erkan, Turkey's new central bank governor, receives flowers from her predecessor, Sahap Kavcioglu, during a handover ceremony on June 9 in Ankara