US EditionTurkey cuts key interest rate to 40.5% - central bank
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11 Articles
The Central Bank's Monetary Policy Committee decided to lower the one-week repo auction rate, the policy rate, from 43% to 40.5%. However, Yeni Şafak Newspaper was not satisfied with the Central Bank's decision.
Turkey Surprises Markets with Aggressive Interest Rate Cut as Inflation Slows - TV360 Nigeria
Turkey’s central bank delivered a sharper-than-expected interest rate cut on Thursday, lowering its benchmark rate by 2.5 percentage points as signs of easing inflation continue to emerge. In a statement following its monetary policy meeting, the bank announced it was reducing the one-week repo auction rate from 43% to 40.5%, a move equivalent to a 250 basis-point cut. The decision comes amid growing optimism that inflation in the country is slo…
The Central Bank of Turkey today decided to lower the main direct rate of 43%, fixed in July for 40.5%, a cut of 250 basic points, justified by the deceleration of inflation and the failure of internal research, was announced. The institution thus maintains the dynamic of declines started in December 2024, although interrupted by a rise in last April due to political turbulence. At the same time it reduces to 40.5% the rate of loans per week, th…
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