Turkey eases policy after 18 months of tightening, lira weakens

Turkey’s central bank cut its key interest rate by 250 basis points to 47.5 per cent on Thursday, a bit more than expected, launching an easing cycle meant to leave behind protracted economic turmoil and a cost-of-living crisis. It trimmed the one-week repo rate after an 18-month tightening effort that reversed years of unorthodox economic […]

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