Turkey’s central bank lowers key interest rate to 47.5% - AP News
1 day ago · ANKARA, Turkey (AP) — Turkey’s central bank lowered its key interest rate by 2.5 percentage points to 47.5% on Thursday, carrying out its first rate cut in nearly two years as it tries to control soaring inflation.. Citing slowing inflation, the bank’s Monetary Policy Committee said it was reducing its one-week repo rate to 47.5% from the current 50%.
Turkey's central bank lowers key interest rate to 47.5% - ABC News
1 day ago · ANKARA, Turkey -- Turkey’s central bank lowered its key interest rate by 2.5 percentage points to 47.5% on Thursday, carrying out its first rate cut in nearly two years as it tries to control ...
Turkey cuts interest rates for first time in 22 months with jumbo …
1 day ago · Turkey’s central bank lowered its main interest rate for the first time in almost two years, pointing to slower consumer demand and the currency’s strength for a larger-than-expected cut of ...
Turkey begins cutting rates after inflation-fighting drive
2 days ago · Turkey's central bank cut its key interest rate by 250 basis points to 47.5% on Thursday, a bit more than expected, launching an easing cycle meant to leave behind protracted economic turmoil and ...
Turkey Lowers Main Rate to 47.5% in First Cut Since 2023
1 day ago · Turkey lowered interest rates for the first time in almost two years but said it would remain cautious about future cuts, with inflation only just below 50% and nearly 10 times the official target.
Turkey Cuts Interest Rates More Than Expected But Says It’ll …
1 day ago · (Bloomberg) -- Turkey lowered interest rates for the first time in almost two years but said it would remain cautious about future cuts, with inflation only just below 50% and nearly 10 times the ...
Turkey lowers interest rate to 47.5 percent - Yahoo Finance
1 day ago · Turkey's central bank lowered its key interest rate on Thursday, the first cut in nearly two years as it battles with double-digit inflation. The bank's monetary policy committee decided to reduce ...
Analysts Rewrite Turkey Rates Path After Big Cut, Fewer Meetings
18 hours ago · Analysts are now expecting the Turkish central bank to deliver sizable interest-rate cuts at every policy meeting in 2025 following Thursday’s bigger-than-expected reduction, despite officials ...
Turkey's central bank hikes interest rates again as it tries to tame ...
Turkey’s central bank has delivered another huge interest rate hike as it tries to curb double-digit inflation that has left households struggling to afford food and other basic goods.
Turkey hikes interest rates as Erdogan stages economic U-turn - BBC
Jun 22, 2023 · Turkey has hiked its main interest rate from 8.5% to 15%, reversing one of President Recep Tayyip Erdogan's unorthodox economic policies. The 6.5-point rise was far lower than economists were...