Back to Story
A man carries goods at Eminonu commercial area, in Istanbul, Turkey, Thursday, Dec. 26, 2024 as Turkey's central bank lowered its key interest rate by 2.5 percentage points to 47.5% carrying out its first rate cut in nearly two years as it tries to control soaring inflation. (AP Photo/Francisco Seco)

A man carries goods at Eminonu commercial area, in Istanbul, Turkey, Thursday, Dec. 26, 2024 as Turkey's central bank lowered its key interest rate by 2.5 percentage points to 47.5% carrying out its first rate cut in nearly two years as it tries to control soaring inflation. (AP Photo/Francisco Seco)

People buy food outside the Egyptian market at Eminonu commercial area, in Istanbul, Turkey, Thursday, Dec. 26, 2024, as Turkey's central bank lowered its key interest rate by 2.5 percentage points to 47.5% carrying out its first rate cut in nearly two years as it tries to control soaring inflation. (AP Photo/Francisco Seco)

People buy food outside the Egyptian market at Eminonu commercial area, in Istanbul, Turkey, Thursday, Dec. 26, 2024, as Turkey's central bank lowered its key interest rate by 2.5 percentage points to 47.5% carrying out its first rate cut in nearly two years as it tries to control soaring inflation. (AP Photo/Francisco Seco)

A man carries a bag with groceries in a food street market at Uskudar neighbourhood in Istanbul, Turkey, Thursday, Jan. 23, 2025, same day as Turkey's central bank lowered its key interest rate by 2.5 percentage points to 45%. (AP Photo/Francisco Seco)

A man carries a bag with groceries in a food street market at Uskudar neighbourhood in Istanbul, Turkey, Thursday, Jan. 23, 2025, same day as Turkey's central bank lowered its key interest rate by 2.5 percentage points to 45%. (AP Photo/Francisco Seco)