Turkey's central bank has lowered its key interest rate by a further 2.5 percentage points days after official figures indicated a slowdown in inflation that has eroded households' purchasing power.

Trkiye's central bank on Thursday cut its policy rate by 250 basis points to 42.5 percent, the third rate cut in a row after keeping rates steady for months, continuing a monetary easing path as inflation eases.

ANKARA, Turkey -- Turkey’s central bank lowered its key interest rate by a further 2.5 percentage points on Thursday, days after official figures indicated a slowdown in inflation that has ...

ANKARA, Turkey (AP) — Turkey’s central bank lowered its key interest rate by a further 2.5 percentage points on Thursday, days after official figures indicated a slowdown in inflation that has ...