![Exchange rates displayed in an Istanbul market. The country's central bank increased interest rates to 50 per cent on Thursday in a surprise move. AP](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/PEMG4QJ5QFE4U47ZCNWUUQY6CU.jpg?smart=true&auth=ae6e9f468f6ff4d614e290dd80e716193419d966f567b21dc0aa9075f81a5fab&width=400&height=225)
Exchange rates displayed in an Istanbul market. The country's central bank increased interest rates to 50 per cent on Thursday in a surprise move. AP
Exchange rates displayed in an Istanbul market. The country's central bank increased interest rates to 50 per cent on Thursday in a surprise move. AP
Turkey increases interest rates to 50% amid mounting inflationary pressure
Country's lira is the worst performer among emerging-market currencies this month