Turkey's central bank has decided to reduce the policy rate (one-week repo auction rate) from 18.00 percent to 16.00 on Thursday.
Turkish Lira weakens some 1.3% to 9.4 against the U.S. dollar after the bank’s Monetary Policy Committee rate decision.
“The Committee will continue to take its decisions in a transparent, predictable, and data-driven framework,” the bank said in a statement. (ILKHA)
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The latest report from the Turkish Statistical Institute, released on Wednesday, reveals a mixed bag of economic confidence across various sectors for the month of April.
Turkish Treasury and Finance Minister Mehmet Şimşek has reaffirmed his dedication to enhancing the country's economic programme, announcing plans to introduce new measures in the near future.
All eyes are on the Central Bank of the Republic of Turkey (CBRT) as it prepares to announce its fourth interest rate decision of the year on Thursday, April 25th.
Turkish services sector showed robust growth in February 2024, according to the latest data from the Turkish Statistical Institute (TÜİK).