Turkey has increased its interest rates by 0.5 percentage points, from 7.5% to an annual rate of 8%.
The key rates a tool used by Central Banks to implement monetary policy.
An increase in interest rates is used to slow down inflation and protect the currency. .
This change is the first to have taken place since on February25th 2015, when the Central Bank increasedinterest rates by 0.5 percentage points to 7.5%.