Turkey’s Central Bank lowers interest rates 425 bps

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Turkey’s Central Bank lowers interest rates 425 bps

The Central Bank of Turkey (CBRT) on Thursday lowered its one-week repo rate 425 basis points. The bank's policy rate also known as one-week repo ra

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The Central Bank of Turkey (CBRT) on Thursday lowered its one-week repo rate 425 basis points.

The bank’s policy rate also known as one-week repo rate fell to 19.75%, a steep down 24%.

“Recently released data indicate a moderate recovery in the economic activity,” the CBRT said.

The decision came in a statement the bank’s Monetar […]

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