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BUSINESS DAILY

A daily update on the latest business and economic news. Live on weekdays at 8.15 am Paris time.

Turkey's central bank defies Erdogan with rate hike

Latest update : 2018-09-13

By Kate MOODY

Turkey's central bank has defied Recep Tayyip Erdogan and raised its key interest rate to 24%. Economists say the move will help curb spiralling inflation - although the president argues it will weigh on growth. Also on the show: the European Central Bank eyes the end of its stimulus programme, and Ryanair braces for another day of coordinated strike action.