In a surprise move, Turkey’s central bank announced a significant increase in its key interest rate. The one-week repurchase rate jumped from 42.5% to 46%, shocking financial markets. This decision comes on the heels of an alarming annual inflation rate of 38.1% recorded in March. Markets reacted swiftly to the announcement, raising interest in the effectiveness of such a drastic approach to controlling inflation. Observers of the Turkish economy are now contemplating the potential impacts of this bold move on domestic and foreign investments. Keeping an eye on the evolving economic landscape in Turkey remains essential for analysts and investors alike.