NAIRU
Türkiye’s Central Bank increases benchmark interest rate to 45 percent
The Central Bank of Türkiye has hiked its key interest rate by another 250 basis points to 45 percent, also signaling an end to its aggressive tightening cycle.
Turkey's unemployment rate rises to 12.7 pct, highest in seven years
Turkey's unemployment rate hit 12.7 percent in December 2016, the highest since March 2010, while youth unemployment stood at 24 percent, official data from the Turkish Statistics Institute (TÜİK) showed on March 15.