Turkey's central bank slashed its key interest rates by 250 basis points on Thursday citing slowdown in the underlying trend of inflation.
The Monetary Policy Committee of the Central Bank of the Republic of Turkey, decided to reduce the policy rate to 40.5 percent from 43.0 percent.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.