Turkey Central Bank Cuts Benchmark Interest Rate to 9%... Fourth Consecutive Month of Reduction
[Asia Economy Reporter Geum Bo-ryeong] The Central Bank of T?rkiye (Turkey) announced on the 24th (local time) that it will lower the base interest rate from the existing 10.5% to 9%.
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The Central Bank of T?rkiye has been cutting the base interest rate for four consecutive months. The base interest rate, which was 14% in December last year, dropped to 13% in August and 12% in September.
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