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Business Weekly: Turkey’s interest rate slashed, despite sharp inflation

Turkey’s interest rate slashed, despite sharp inflation

18/12/2021 GMT

BBC World Service - Business Weekly, Turkey’s interest rate slashed, despite sharp inflationSearch BBC

With inflation soaring and the lira plummeting, Turkey's Central Bank cuts rates

With inflation soaring and the lira plummeting, Turkey's Central Bank cuts interest rates again.

On this edition of Business Weekly, we’re looking at rising inflation in Turkey, and hear how different communities are trying to live during a period of economic uncertainty. Victoria Craig tours Istanbul to hear from shop workers and families caught up in the currency crisis.
Plus we focus on the Netherlands, and Meta’s proposals to build a giant, energy-hungry data-centre there. We hear how the community is divided on the plans from Facebook’s parent company.
We’ll look at the diplomatic spat between Lithuania and China, that now has implications for trade between the two countries and the wider European Union, and we also delve into the world of premium pet food, to hear how today’s cats and dogs are getting the luxury treatment from their owners. 
Business Weekly is presented by Sasha Twining and produced by Clare Williamson.
(Image: Tourist shop in Istanbul's spice market, credit: Getty Images)

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