TÜRKIYE-ANKARA-ECONOMY-MARKETS

ANKARA, July 9, 2023 — People shop at a grocery market in Ankara, Türkiye, July 6, 2023. For the first time in more than two years, Türkiye has hiked interest rates to combat stubborn inflation, a major source of the cost-of-living crisis in the country, but experts say restoring conventional economic policies requires time and efforts until the real effect can be seen. TO GO WITH “News Analysis: Türkiye’s return to conventional economic policies requires time, efforts” (Mustafa Kaya/Handout via Xinhua)