Turkey's central bank cut interest rates for a sixth policy session in a row, citing continued economic recovery and the need to sustain a disinflation path.
The Monetary Policy Committee, led by Governor Murat Uysal, slashed the policy rate, which is the one-week repo auction rate, to 10.75 percent from 11.25 percent, the TCMB said in a statement on Wednesday.
The latest reduction was the smallest in the current easing cycle. In January, the bank had cut the rate by 75 basis points.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com