Turkish central bank cuts policy rate 50bps

Turkish central bank cuts policy rate 50bps
# 23 February 2023 15:16 (UTC +04:00)

Türkiye's central bank lowered its policy rate by 50 basis points to 8.5% on Thursday, APA reports citing Reuters.

Last year the bank cut its key rate by 500 basis points in an unorthodox easing cycle designed to counter an economic slowdown, before keeping it steady at 9% in December and January. The stimulus came even as inflation soared above 85% last year and dipped only to 58% in January.

1 2 3 4 5 İDMAN XƏBƏR
#
#

THE OPERATION IS BEING PERFORMED