Turkey Delivers 150bp Rate Cut in Line with Top End of Expectations

Turkey delivers 150bp rate cut in line with top end of expectations

The monetary policy committee (MPC) of Turkey’s central bank on December 11 cut its main policy rate (one-week repo) by 150 bp to 38% in what was ...

TRY: Central Bank of Turkey delivers larger-than-expected rate reduction – ING

The Central Bank of Turkey (CBT) surprised markets with a 150bp cut to the policy rate, lowering it to 38% as headline inflation for November came in better than expected, ING's FX analyst Frantisek Taborsky notes.

Turkey central bank chief says disinflation on track after latest rate cut

Tight monetary policy will ensure ⁠that this disinflation continues, ‌Karahan said

Turkey’s Central Bank Cuts Rates for Fourth Consecutive Time

The Central Bank of Turkey lowered its benchmark interest rate for the fourth straight month on Thursday, easing policy further after November inflation data came in better than expected.

Turkish rate cut exceeds market expectations

Central bank surprises with 150-bps move Market consensus was for 100 bps Rate cut supported by inflation data Turkey’s central bank has surprised markets by lowering its main policy rate further than expected, citing slower inflation as supporting the deeper cut. The bank’s policy committee announced a reduction of 150 basis points in its key lending rate on December 11, taking the one-week repo auction rate to 38 percent, down from the 39.5 pe…