Reported about 8 hours ago
Turkey’s central bank has cut its main interest rate by 250 basis points for the second consecutive month, lowering the one-week repo rate from 47.5% to 45%. This move, anticipated by economists, signals potential further rate cuts in future meetings, as the bank shifts its monetary policy focus away from monthly inflation metrics to expectations and realized inflation. Despite a historical inflation rate of 44.4% in December, the bank aims for a projected 21% while navigating challenges of supporting economic growth amid recession.
Source: YAHOO