Turkey Lowers Interest Rate for First Time in Two Years
This is Beirut, 26/12 15:05 - Reading : 1 minute(s)
Turkey’s central bank lowered its key interest rate on Thursday for the first time since February 2023, cutting it by 2.5 percentage points to 47.5%. This move comes in response to a slowdown in inflation, which remains above 47% year-on-year. The rate had been held steady at 50% since March as part of efforts to curb inflation. The central ...