ANKARA, Turkey — 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 ...
Turkey lowered its benchmark one-week repo rate from 45% to 42.5% on Thursday. The decision came after official data showed annual inflation dipping below 40% for the first time in nearly two years.
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