• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
Turkey's Central Bank raises interest rate exceeding expectations, with a building displaying a flag on top.

Turkey’s Central Bank Raises Interest Rate to 25%, Exceeding Expectations

08/24/2023
UNISIL Nominated for the Go Global Awards 2025

UNISIL Nominated for the Go Global Awards 2025

07/31/2025
World Speedex Logistics Expands Global Footprint with Reliable Freight Solutions and Customer-Centric Innovation

World Speedex Logistics Nominated for the Go Global Awards 2025

07/31/2025
Compos Mentis Legal Practitioners, a leading Nigerian law firm with offices in Warri, Lagos, and Abuja, continues to set new standards in legal service delivery through innovation, strategic thinking, and a commitment to global best practices. Established in 2007, the firm has grown into a trusted name in dispute resolution, debt recovery, intellectual property, medical law, and corporate advisory. The firm holds the distinction of being the first Nigerian law firm certified to the ISO 9001:2015 standard, reflecting its dedication to quality management, transparency, and client satisfaction. This milestone reinforces Compos Mentis LP’s role as a trailblazer in legal professionalism, setting a benchmark for excellence across Nigeria and beyond. At the heart of the firm’s innovation strategy is Consultus Lawyer, a proprietary digital platform that allows clients—both local and international—to access legal services remotely. Through this platform, the firm provides affordable, high-quality support in a wide range of legal matters, including cross-border disputes and advisory services. Flexible pricing models ensure accessibility for diverse clients, including government agencies, public institutions, community trust boards, individuals, and small enterpr In 2024–2025, the firm recorded an 87.5% success rate across 24 litigation cases, a testament to its rigorous preparation and expert legal strategy. The firm's consistent results and sectoral expertise have been recognized through numerous accolades, including the Dispute Resolution Law Experts of the Year in Nigeria – 2025 by Global Law Experts and the Regional Law Firm of the Year at the 2024 ESQ Legal Awards. Compos Mentis LP has also earned multiple Mondaq Awards in 2024 and 2025 for its contributions to legal thought leadership, particularly in intellectual property and immigration law. These recognitions underscore the firm’s ability to blend deep legal insight with a forward-thinking approach to knowledge sharing. Beyond its commercial achievements, Compos Mentis LP is deeply committed to social responsibility. The firm provides pro bono legal services to indigent individuals and supports host communities in the Niger Delta with legal representation and governance advisory. It also invests in talent development, fostering the next generation of legal professionals through mentorship and continuous learning opportunities. As Compos Mentis LP expands its reach and digital capabilities, it remains grounded in its core values: excellence, access to justice, and service to the community. With a proven track record, global outlook, and commitment to legal empowerment, the firm is positioned as a leader in Nigeria’s evolving legal landscape. To learn more, visit: https://compos-mentis.com #ComposMentis #LegalInnovation #DisputeResolution #AccessToJustice #ConsultusLawyer #ISO9001Certified #RuleOfLaw #NigeriaLegal #LawFirmOfTheYear #GlobalLegalStandards

Compos Mentis Legal Practitioners Nominated for Go Global Awards 2025

07/31/2025
Parcel ABC Limited: Redefining Global Courier Services with Smart Logistics

Parcel ABC Limited Nominated for Go Global Awards 2025

07/31/2025
World Speedex Logistics Expands Global Footprint with Reliable Freight Solutions and Customer-Centric Innovation

World Speedex Logistics Expands Global Footprint with Reliable Freight Solutions and Customer-Centric Innovation

07/31/2025
Compos Mentis Legal Practitioners, a leading Nigerian law firm with offices in Warri, Lagos, and Abuja, continues to set new standards in legal service delivery through innovation, strategic thinking, and a commitment to global best practices. Established in 2007, the firm has grown into a trusted name in dispute resolution, debt recovery, intellectual property, medical law, and corporate advisory. The firm holds the distinction of being the first Nigerian law firm certified to the ISO 9001:2015 standard, reflecting its dedication to quality management, transparency, and client satisfaction. This milestone reinforces Compos Mentis LP’s role as a trailblazer in legal professionalism, setting a benchmark for excellence across Nigeria and beyond. At the heart of the firm’s innovation strategy is Consultus Lawyer, a proprietary digital platform that allows clients—both local and international—to access legal services remotely. Through this platform, the firm provides affordable, high-quality support in a wide range of legal matters, including cross-border disputes and advisory services. Flexible pricing models ensure accessibility for diverse clients, including government agencies, public institutions, community trust boards, individuals, and small enterpr In 2024–2025, the firm recorded an 87.5% success rate across 24 litigation cases, a testament to its rigorous preparation and expert legal strategy. The firm's consistent results and sectoral expertise have been recognized through numerous accolades, including the Dispute Resolution Law Experts of the Year in Nigeria – 2025 by Global Law Experts and the Regional Law Firm of the Year at the 2024 ESQ Legal Awards. Compos Mentis LP has also earned multiple Mondaq Awards in 2024 and 2025 for its contributions to legal thought leadership, particularly in intellectual property and immigration law. These recognitions underscore the firm’s ability to blend deep legal insight with a forward-thinking approach to knowledge sharing. Beyond its commercial achievements, Compos Mentis LP is deeply committed to social responsibility. The firm provides pro bono legal services to indigent individuals and supports host communities in the Niger Delta with legal representation and governance advisory. It also invests in talent development, fostering the next generation of legal professionals through mentorship and continuous learning opportunities. As Compos Mentis LP expands its reach and digital capabilities, it remains grounded in its core values: excellence, access to justice, and service to the community. With a proven track record, global outlook, and commitment to legal empowerment, the firm is positioned as a leader in Nigeria’s evolving legal landscape. To learn more, visit: https://compos-mentis.com #ComposMentis #LegalInnovation #DisputeResolution #AccessToJustice #ConsultusLawyer #ISO9001Certified #RuleOfLaw #NigeriaLegal #LawFirmOfTheYear #GlobalLegalStandards

Compos Mentis Legal Practitioners Strengthens Global Legal Standing with Innovation and Excellence

07/31/2025
Parcel ABC Limited: Redefining Global Courier Services with Smart Logistics

Parcel ABC Limited: Redefining Global Courier Services with Smart Logistics

07/31/2025
Tariff Adjustments Announced as U.S. Nears Trade Negotiation Cutoff

Tariff Adjustments Announced as U.S. Nears Trade Negotiation Cutoff

07/31/2025
U.S. to Implement 15% Tariffs on South Korean Imports as Part of New Trade Agreement

U.S. to Implement 15% Tariffs on South Korean Imports as Part of New Trade Agreement

07/31/2025
UNISIL: Advancing Global Chemical Manufacturing Through Innovation and Sustainability

UNISIL: Advancing Global Chemical Manufacturing Through Innovation and Sustainability

07/31/2025
South Korea and U.S. Finalize Trade Deal with New Tariff and Investment Commitments

South Korea and U.S. Finalize Trade Deal with New Tariff and Investment Commitments

07/31/2025
Compos Mentis Legal Practitioners Strengthens Global Legal Standing with Innovation and Excellence

25% Tariff Announced on Indian Imports Amid Trade Negotiation Setbacks

07/31/2025
supplychainreport
Thursday, July 31, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Turkey’s Central Bank Raises Interest Rate to 25%, Exceeding Expectations

by Richie
08/24/2023
in Economic Indicators, Global Trade

YOU MAY ALSO LIKE

UNISIL Nominated for the Go Global Awards 2025

World Speedex Logistics Nominated for the Go Global Awards 2025

In an unexpected move, the Central Bank of Turkey has raised its interest rate to 25 percent, significantly above the anticipated increase to 20 percent. This 7.5 percentage point rise follows last month’s adjustment from 15 to 17.5 percent, marking a notable shift from the country’s prior monetary policy stance, which favored low interest rates.

The Central Bank’s decision reflects its concern over the persistent rise in inflation. “Recent indicators point to a continued increase in the underlying trend of inflation,” the Bank stated, emphasizing its commitment to “further strengthen monetary tightening as much as needed” until there is a substantial improvement in the inflation outlook.

Following the announcement, the Turkish lira strengthened by 1.5 percent against the dollar, indicating market approval of the Bank’s intensified efforts to combat inflation and stabilize the currency.

Analysts have reacted positively to this development. Liam Peach from Capital Economics remarked that the rate increase was significantly larger than expected, demonstrating the Central Bank’s dedication to restoring orthodox policy measures.

The rate hike comes in the wake of Turkey’s economic turmoil, exacerbated by an inflation rate that peaked at 85 percent annually last October and is again on the rise. The economic strategy shift follows President Recep Tayyip Erdogan’s election victory in May, after which he appointed market-friendly officials to his government. These new appointees, including Hafize Gaye Erkan, the former Wall Street executive now chairing the Central Bank, have been instrumental in steering Turkey towards a more conventional economic approach.

This transition has included letting the lira devalue against the dollar to alleviate pressure on state finances and implementing technical measures to rebalance the economy and regain investor confidence.

Despite initial resistance from Erdogan, who has historically viewed high-interest rates as inflationary rather than a solution, the new economic team’s strategy indicates a significant departure from his long-held beliefs. The Central Bank’s current stance under Erkan’s leadership marks a definitive move towards more traditional economic policies.

However, challenges remain, with the annual inflation rate expected to peak at around 60 percent between April and June of the following year. Analysts like ING’s Muhammet Mercan highlight the persistent gap between the policy rate and current inflation expectations, suggesting ongoing economic pressures.

The latest increase in interest rates signals a new era in Turkish economic policy, one that aligns more closely with conventional economic principles and aims to stabilize the nation’s currency and inflation rate.

Your go-to for supply chain report news updates: The Supply Chain Report. For international trade tools, see ADAMftd.com.

#CentralBankofTurkey #InterestRateHike #TurkeyEconomy #LiraStrengthens #MonetaryPolicyShift #InflationControl #ErdoganEconomicShift #HafizeGayeErkan #CapitalEconomics #TurkeyInterestRate #MarketResponse #InflationOutlook #TurkishCurrency #EconomicReforms #InterestRateRise #ConventionalEconomicPolicy

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.