13 oC 
Güneşli
Turkish central bank has decided to reduce the policy rate (one-week repo auction rate) from 10.50 percent to 9.00 on Thursday.
“The effects of slowing foreign demand on aggregate demand conditions and production are closely monitored. It is critically important that financial conditions remain supportive for the sustainability of structural gains in supply and investment capacity by preserving the growth momentum in industrial production and the positive trend in employment in a period of increasing uncertainties regarding global growth as well as a further escalation of geopolitical risks. Accordingly, the Committee has decided to reduce the policy rate by 150 basis points,” the bank said in a statement released following the meeting of the Monetary Policy Committee.
Turkish Lira weakens against the U.S. dollar after the bank’s Monetary Policy Committee rate decision.
Last month, the bank decided to reduce the policy rate (one-week repo auction rate) from 12.00 percent to 10.50. (ILKHA)
LEGAL WARNING: All rights of the published news, photos and videos are reserved by İlke Haber Ajansı Basın Yayın San. Trade A.Ş. Under no circumstances can all or part of the news, photos and videos be used without a written contract or subscription.
The Turkish Statistical Institute reported that integrated dairies collected 999,348 tonnes of cow's milk in May, marking a 1.9% increase from April's 981,030 tonnes.
Türkiye’s poultry sector saw a continued rise in chicken meat production in May 2025, even as egg production experienced a notable decline, according to the latest data released by the Turkish Statistical Institute (TurkStat).
The Turkish Statistical Institute announced on Friday that Türkiye's total turnover index, encompassing the industry, construction, trade, and services sectors, recorded a significant annual increase of 41.5% in May 2025.
Türkiye’s industrial production rose by a robust 4.9% year-on-year in May 2025, according to data released by the Turkish Statistical Institute (TurkStat) on Thursday, underscoring the sector’s resilience amid global economic challenges.
