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Turkey’s central bank lowered its key interest rate by 2.5 percentage points to 45% on Thursday, in its second rate cut in as many months as official figures showed inflation was easing. The ...
This is a list of countries by annualized interest rate set by the central bank for ... 18 February 2025 [9] 1.78 ... 2 January 2023 [102] 6.14 1.86 Turkey: 45.00 ...
Turkey’s central bank lowered its key interest rate by 2.5 percentage points to 47.5% on Thursday, carrying out its first rate cut in nearly two years as it tries to control soaring inflation.
The Central Bank of the Republic of Türkiye (CBRT) (Turkish: Türkiye Cumhuriyet Merkez Bankası, TCMB) is the central bank of Turkey.Its responsibilities include conducting monetary and exchange rate policy, managing international reserves of Turkey, as well as printing and issuing banknotes, and establishing, maintaining and regulating payment systems in the country.
The move means there have now been 3,650 basis points of cumulative interest rate hikes in Turkey since the May 2023 presidential elections—but that still hasn’t been enough to tackle inflation.
ANKARA, Turkey (AP) — Turkey’s central bank lowered its key interest rate by 2.5 percentage points to 45% on Thursday, in its second rate cut in as many months as official figures showed inflation was easing. The bank’s Monetary Policy Committee said it was reducing its benchmark one-week repo rate to 45% from the current 47.5%.
The bank pushed its policy rate up by 5 percentage points, to 40%, marking its sixth big interest rate hike in a row focused on beating down inflation that hit an eye-watering 61.36% last month.
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