Turkey’s Central Bank cuts rate
The monetary authority has lowered the key rate by 500 basis points since September.
The monetary authority has lowered the key rate by 500 basis points since September.
Policy rate, also known as 1-week repo rate, down to 16% from 18%, well above market forecast.
Policy rate stands at 19% in line with market expectations and tight monetary policy stance.
Meetings of Monetary Policy Committee to go on as previously scheduled, says Sahap Kavcioglu.