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Episode details

World Service,16 Dec 2021,26 mins

Turkey cuts interest rates again

World Business Report

Available for over a year

We meet some of those affected by rising prices in Turkey as interest rates are cut again. The BBC's Victoria Craig is in Istanbul, and reports on the country's unorthodox approach to monetary policy. Also in the programme, there have been a raft of central bank interest rate decisions this week, including one by the Bank of England to raise rates today for the first time in more than three years, to 0.25%. We get reaction from former Bank of England Monetary Policy Committee member Andrew Sentance. Plus, as European supermarkets drop meat products linked to deforestation in Brazil, we hear how much beef production contributes to the problem from Andre Guimaraes, executive director of the Amazonian Environmental Research Institute. Today's edition is presented by Rob Young and Victoria Craig, and produced by Sarah Hawkins, Tom Kavanagh and Stephen Ryan. (Picture: The Kirlangic family. Picture credit: BBC.)

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