Turkish central bank makes fourth rate cut in six months

The Central Bank of the Republic of Turkey continued its sharp easing cycle under governor Murat Uysal, cutting the one-week repo rate by 75 basis points today (January 16).

The CBRT’s Monetary Policy Committee (MPC) lowered the key rate to 11.25%. This is the fourth rate cut since July, when president Recep Tayyip Erdoğan replaced Murat Çetinkaya as governor following months of pressure on the former governor to cut rates.

Erdoğan said in public that he had dismissed Çetinkaya for his failure

You are currently unable to copy this content. Please contact [email protected] to find out more.

Source link

Free Course

"Double Your Traffic in 30 days" + Secret Bonus

valued at $299

This amazing course will teach you, step by step, how to double if not triple your traffic over the next 30 days.

100% Privacy. We will never spam you!