Turkey Central Bank Announces Base Interest Rate at 11.25%... Down 12.75%p in 7 Months
[Asia Economy Reporter Son Sunhee] The Central Bank of Turkey lowered its benchmark interest rate by 0.75 percentage points from 12.00% to 11.25% on the 16th (local time).
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According to Bloomberg News on the same day, the Central Bank of Turkey made this announcement. This figure represents a sharp drop of 12.75 percentage points in just seven months since June last year (24%). Although the rate cut was smaller than the previous announcement, the downward trend continued.
This content was produced with the assistance of AI translation services.
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