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.
- Economy
- Compiled from wire services
- Published Date: 02:24 | 24 October 2019
- Modified Date: 02:30 | 24 October 2019
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.
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