KM Financial Solutions | Turkish central bank slashes rates 425 pts in first shift since crisis
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Turkish central bank slashes rates 425 pts in first shift since crisis

Turkish central bank slashes rates 425 pts in first shift since crisis

Turkey’s central bank sharply
cut its key interest rate by a more than expected 425 basis
points to 19.75% on Thursday to spur a recession-hit economy,
its first step away from the emergency stance it adopted during
last year’s currency crisis.

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