Turkey Cuts Rates Again by 100bp to 14%

Turkey Cuts Rates Again by 100bp to 14%

In yet another unusual policy move, Turkey’s central bank (CBRT) cut rates again, this time by 100bp to 14% on Thursday. The Lira dropped to a fresh record low of 15.5 after the decision. This is the fourth consecutive rate cut by the CBRT beginning September...
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