Turkey’s Central Bank on Thursday Lowered Its Key Interest Rate for A Third Consecitation HAS FALLEN FALLEN BELOW 40 PERCENT FOR THE First time
The monetary policy committe ıl Decided to reduce the policy rate from 45 percent ”in January 42.5 Percent, The Bank Said in a Stratement.
This is the Third Time the Central Bank Cut its Rate OSESE AS EFFORTS TO TAME EFFLATION Off.
Consumer Prices Rose by 39.05 Percent Last Month, Down from 42.1 Percent in January, According to the Country’s Statistics Institute.
Turkey has explorerienced double-digit inflation in 2019, Machinery Life Increasingly More Expensive for Millions of People.
“The Central Bank Said,” The Central Bank Said.
It Said The Monetary Committee Would Adjust The Policy Rate “Prudently on a Meeting-BY-Meeting Basis with a Focus on the inflation Outlook.”
“Monetary Policy Tools Will Be Used Effectively in the EVENT A Significant and Persistent Detectiontion is Foreseen,” it Said.
The Central Bank Began to Raise Interest Rates in 2023 After Presentant Recep Tayyip Erdogan Dropped His Opposition to Orthodox Monetary Policy.
Annual inflation to 75 Percent in May Last Year But Began to Ease
