Turkey’s Central Bank Cuts Rates as Inflation Eases, Strengthening Economic Stabilization Efforts

Post Views: 328 The Central Bank of the Republic of Turkey The Central Bank of the Republic of Turkey (CBRT) surprised markets by significantly reducing its one-week repo rate. Specifically, they cut it by 250 basis points, bringing it down to 47.5%. This move, exceeding economists’ predictions of a 150 basis point reduction, signals a major shift in Turkey’s monetary policy. This shift comes after eight consecutive meetings. The decision coincides with a continued downward trend in inflation. The annual consumer price index (CPI) fell to 47.09% in November, marking the lowest leve...