Turkish central bank slashes rates 425 pts in first shift since crisis
24 Jul Turkish central bank slashes rates 425 pts in first shift since crisis
Posted at 11:09h
in
News
by KMFSLLP
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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