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 eroded households’ purchasing power. The bank’s Monetary Policy Committee said it was reducing its benchmark one-week repo rate from 45% to 42.5%.

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 ...

Recommended Videos It was the bank's third rate cut in a row and came after official data indicated that annual inflation has dipped to below 40% for the first time in nearly two years.