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Daily Sabah

Daily Sabah

Turkish central bank plans to terminate FX-protected scheme in 2025

Daily Sabah
Summary
Nutrition label

76% Informative

Central Bank of the Republic of Türkiye ( CBRT ) shared its " Monetary Policy for 2025 " road map.

Central bank said it planned to end the foreign exchange-protected Turkish lira deposit scheme, the so-called KKM .

The central bank lifted the key policy rate by 4,150 basis points between the summer of 2023 and March of this year to rein in price gains.

Annual inflation declined to 47.09% in November from an annual high of 75% in May .

VR Score

87

Informative language

94

Neutral language

26

Article tone

semi-formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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