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Turkey's central bank cuts policy rate by 250 basis points

The Central Bank of Turkey (CBRT) on Thursday cut its one-week repo rate by 250 basis points.

Compiled from wire services ECONOMY
Published October 24,2019
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Turkey's central bank cut its policy rate, also known as the one-week repo auction rate, by 250 basis points to 14%, down from 16,50% on Thursday, a reduction that was above market expectations.

A group of economists polled by Anadolu Agency on Monday expected an average drop of 100 basis points in one-week repo rate.