By Joshua Kirby
The Turkish economy continued to grow slowly in the final months of last year after the central bank hiked interest rates sharply.
Gross domestic product increased by 1.0% between October and December from the previous quarter, data from the national statistics office showed Thursday. This was only a little more than the slight growth recorded in the third quarter.
Sluggish growth comes amid successive increases in the central bank's key deposit rate, which now stands at 45.0%.
Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby
(END) Dow Jones Newswires
02-29-24 0232ET
