Turkey’s central bank lowers key interest rate

Today, Thursday, the Central Bank of Turkey lowered the main interest rate by 1.5 percentage points. to the level of 10.5%.

According to the Central Bank of Turkey, the main interest rate has been reduced from 12% to 10.5%.

He pointed out that the impact of geopolitical risks on global economic activity is increasing, global growth prospects are declining, and recession is assessed as an inevitable risk factor.

In terms of trading in the Turkish currency, Bloomberg data showed that the Turkish currency traded after the decision at 18.5765 Turkish lira, up 0.03%.

Source: RT+Prime