{"id":40064,"date":"2024-04-09T16:21:09","date_gmt":"2024-04-09T21:21:09","guid":{"rendered":"https:\/\/huewhite.com\/umb\/?p=40064"},"modified":"2024-04-09T16:21:09","modified_gmt":"2024-04-09T21:21:09","slug":"those-interest-rate-blues","status":"publish","type":"post","link":"https:\/\/huewhite.com\/umb\/2024\/04\/09\/those-interest-rate-blues\/","title":{"rendered":"Those Interest Rate Blues"},"content":{"rendered":"<p>Are you afflicted? Citizens of Turkey are positively <em>aflame<\/em>:<\/p>\n<blockquote><p>Turkey\u2019s Central Bank, in a unexpected move,\u00a0<a href=\"https:\/\/www.al-monitor.com\/originals\/2024\/02\/turkeys-central-bank-holds-interest-rates-45-first-time-8-months\" target=\"_blank\" rel=\"noopener\" data-once=\"openLinkInNewWindow\">hiked interest rates<\/a>\u00a0Thursday by another 500 basis points, from 45% to 50%.<\/p>\n<p>The monetary policy committee cited a \u201chigher than expected\u201d surge in the country\u2019s\u00a0<a href=\"https:\/\/www.al-monitor.com\/originals\/2024\/03\/turkeys-annual-inflation-surges-15-month-high-67\" target=\"_blank\" rel=\"noopener\" data-once=\"openLinkInNewWindow\">year-on-year inflation last month<\/a>,\u00a0which hit almost 70%. The embattled Turkish lira strengthened immediately after the surprise announcement, trading more than 1% up on the day at 14:30 p.m. local time.<em> [<a href=\"https:\/\/www.al-monitor.com\/originals\/2024\/03\/surprise-move-turkeys-central-bank-hikes-interest-rates-50?utm_medium=email&amp;utm_campaign=Business%20%20Tech%20Briefing%20OFF%2003-27-2024&amp;utm_content=Business%20%20Tech%20Briefing%20OFF%2003-27-2024+CID_ee7dc3171d826a980d0e50325b797ae5&amp;utm_source=campmgr&amp;utm_term=Turkey%20raises%20interest%20rates\" target=\"_blank\" rel=\"noopener\"><strong>AL-Monitor<\/strong><\/a>]<\/em><\/p><\/blockquote>\n<p>A bit hard to borrow money. And this in an Islamic nation? I thought charging interest was against Islamic law?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you afflicted? Citizens of Turkey are positively aflame: Turkey\u2019s Central Bank, in a unexpected move,\u00a0hiked interest rates\u00a0Thursday by another 500 basis points, from 45% to 50%. The monetary policy committee cited a \u201chigher than expected\u201d surge in the country\u2019s\u00a0year-on-year inflation last month,\u00a0which hit almost 70%. The embattled Turkish lira \u2026 <a class=\"continue-reading-link\" href=\"https:\/\/huewhite.com\/umb\/2024\/04\/09\/those-interest-rate-blues\/\"> Continue reading <span class=\"meta-nav\">&rarr; <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-40064","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/40064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/comments?post=40064"}],"version-history":[{"count":1,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/40064\/revisions"}],"predecessor-version":[{"id":40065,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/40064\/revisions\/40065"}],"wp:attachment":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/media?parent=40064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/categories?post=40064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/tags?post=40064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}