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July 20, 2023

Turkey raises policy rate by 250 basis points to 17.5%

The Central Bank has raised the policy rate from 15% to 17.50%, implementing a hike for the second month in a row.”The Committee has decided to continue the monetary tightening process to establish disinflation as soon as possible, anchor inflation ex…

Cost of dining out in ?stanbul nearly doubles in a year

The cost of dining out in Istanbul has seen a staggering increase of 91.6% in just one year, according to the Istanbul Chamber of Commerce’s Istanbul Cost of Living Index. In June 2022, the average cost per person for dining out was 72 Turkish lira, b…