Turkish central bank raises policy interest rate to 50 pct

ANKARA, March 21 (Xinhua) -- Türkiye's central bank has resumed its interest rate hikes, increasing the policy rate by 500 basis points to a substantial 50 percent, the bank said in a statement on Thursday.

The move comes as the bank aims to tackle the persistent inflation that has been higher than anticipated, particularly in the services sector, according to the statement.

The central bank has expr