Turkey Central Bank Cuts Key Rate by 100 Basis Points
The Central Bank of the Republic of Turkey cut its one-week repo rate by 100 basis points, its first reduction since January.
ANKARA (dpa-AFX) - Turkey's central bank reduced its key interest rates for the first time since January.The Monetary Policy Committee of the Central Bank of the Republic of Turkey decided to cut the one-week repo rate by 100 basis points to 36.00 percent.The committee also lowered the central bank…