Turkish cbank slashes rates below 20% to spur economy

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Turkish cbank slashes rates below 20% to spur economy

Turkey’s central bank slashed its key interest rate by a more than expected 425 basis points to 19.75 percent on Thursday to spur a recession-hit ec

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Turkey’s central bank slashed its key interest rate by a more than expected 425 basis points to 19.75 percent on Thursday to spur a recession-hit economy, its first step away the emergency stance adopted during last year’s currency crisis.

The bank lowered its benchmark one-week repo rate 24 percent, where it had remained since September […]

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