The bank lowered its benchmark one-week repo rate 16.5%. It has cut rates aggressively 24% since July to help revive Turkey’s recession-hit econom
The bank lowered its benchmark one-week repo rate 16.5%. It has cut rates aggressively 24% since July to help revive Turkey’s recession-hit economy after last year’s currency crisis.
Economists had expected the bank to lower rates by only 100 basis points, according to a Reuters poll, after inflation slowed and after a U.S. deal over Tur […]
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