Turkey’s Central Bank Cuts Policy Rate
The Monetary Policy Committee reduced the one-week repo auction rate.
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11:11:08 AM UTC
SquawkNews
Turkey's central bank lowered its key interest rate by 100 basis points to 36% on Thursday, in line with expectations, having left it unchanged at the previous five meetings as it monitored the inflation impact of the Iran war.In a Reuters poll, 22 economists forecast a rate cut and only two predic…
11:11:43 AM UTC
SquawkNews
The Turkish Central Bank said on Thursday that recent inflation figures and leading indicators confirm the deceleration in the underlying trend of inflation as it cut its key interest rate for the first time since January.In a statement following its monetary policy committee meeting, the bank said…