INSTANT VIEW 4-Turkey slashes interest rates to 19.75%  24%

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INSTANT VIEW 4-Turkey slashes interest rates to 19.75% 24%

LONDON, July 25 (Reuters) - Turkey's central bank slashed its main interest rate by 425 basis points to 19.75% 24% on Thursday. It is the first cut s

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LONDON, July 25 (Reuters) – Turkey’s central bank slashed its main interest rate by 425 basis points to 19.75% 24% on Thursday. It is the first cut since a currency crisis last year and President Tayyip Erdogan ousted the central bank’s former chief this month for not cutting rates fast enough.

Cristian Maggio, head of emerging markets strate […]

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