Reported 1 day ago
Turkey's central bank has lowered its one-week repo rate to 47.5% for the first time in nearly two years, acknowledging inflation remains high but citing a recent downward trend. The decision aims to provide economic relief amidst a technical recession while signaling cautious future rate moves. The bank emphasized a data-driven approach, linking any rate adjustments to macroeconomic data and inflation expectations, while businesses welcomed the potential for further easing.
Source: YAHOO