Turkey's central bank cut its key interest rate by 200 basis points
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)
