Turkey’s Central Bank cuts interest rate by 250 basis points in January

Turkey central bank cuts interest rates

The Central Bank of the Republic of Turkey (CBRT) has reduced its policy interest rate by 250 basis points, lowering it from 47.5% to 45%. This marks the second consecutive rate cut, with a total reduction of 500 basis points over the last two months. The decision was widely anticipated by markets. In a survey […]