Turkish Monetary Policy Eased Further

December 12, 2019

The Central Bank of the Republic  of Turkey reduced its key interest rate to 12% from 14% today, citing weak domestic investment demand, a weakening global economic outlook, significant improvement in the current account, a stable lira that has enabled Turkish inflation to recede, a widespread drop in expected inflation, and low global price pressures.

Copyright 2019, Larry Greenberg. All rights reserved.

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