Turkey’s central bank slashes interest rate by 425 bps

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Turkey’s central bank slashes interest rate by 425 bps

Turkey's Central Bank seen in a file photo, (AA) The Central Bank of Turkey (CBRT) on Thursday lowered its one-week repo rate by 425 basis points. T

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Turkey’s Central Bank seen in a file photo, (AA)

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

The bank’s policy rate, known as one-week repo rate, fell to 19.75 percent, down 24 percent.

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

T […]

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