Turkey's Erdogan expects more interest rate cuts in 2025
20 hours ago · Turkey's President Tayyip Erdogan said on Saturday that there would be more interest rate cuts in 2025 after the central bank cut its key rate by 250 basis points to 47.5% this week.
Erdogan Says Turkey Interest Rates Will Definitely Fall in 2025
19 hours ago · Turkey’s President Recep Tayyip Erdogan said interest rates will fall in 2025 as he once again stated his unconventional belief that lowering interest rates will slow down price increases.
Turkey's central bank lowers key interest rate to 47.5% - ABC News
2 days ago · ANKARA, Turkey -- Turkey’s central bank lowered its key interest rate by 2.5 percentage points to 47.5% on Thursday, carrying out its first rate cut in nearly two years as it tries to control ...
Turkey begins cutting rates after inflation-fighting drive
3 days ago · Turkey's central bank cut its key interest rate by 250 basis points to 47.5% on Thursday, a bit more than expected, launching an easing cycle meant to leave behind protracted economic turmoil and ...
Turkey lowers interest rate to 47.5 percent - france24.com
2 days ago · In November, Turkey's annual inflation rate slowed for the sixth month in a row, at 47.1 percent. The central bank now expects inflation to reach 44 percent at the end of 2024, up from a previous ...
Turkey Cuts Interest Rates More Than Expected But Says It’ll …
2 days ago · Turkey lowered interest rates for the first time in almost two years but said it would remain cautious about future cuts, with inflation only just below 50% and nearly 10 times the official target.
Analysts Rewrite Turkey Rates Path After Big Cut, Fewer Meetings
2 days ago · Analysts are now expecting the Turkish central bank to deliver sizable interest-rate cuts at every policy meeting in 2025 following Thursday’s bigger-than-expected reduction, despite officials ...
Turkey central bank stuns market with 500-point rate hike to 50%
Mar 21, 2024 · Turkey's central bank unexpectedly hiked interest rates by 500 basis points to 50% on Thursday, citing a deteriorating inflation outlook and pledging to tighten even further if it expects the...
Turkey cuts interest rates for first time in nearly two years | The ...
2 days ago · News. UAE. Gulf. MENA. US. UK. Europe. Asia. Business. Aviation. Economy. Energy. ... People shop at the Mahmutpasa bazaar in Istanbul, Turkey. The central bank has been raising interest rates since mid-2023 to bring down inflation. ... Business. Economy. Turkey cuts interest rates for first time in nearly two years . Move to bring rate down to ...
Turkey’s central bank lowers key interest rate to 47.5% - AP News
2 days ago · ANKARA, Turkey (AP) — Turkey’s central bank lowered its key interest rate by 2.5 percentage points to 47.5% on Thursday, carrying out its first rate cut in nearly two years as it tries to control soaring inflation.. Citing slowing inflation, the bank’s Monetary Policy Committee said it was reducing its one-week repo rate to 47.5% from the current 50%.