(MENAFN- Trend News Agency) Türkiye's central bank said on Nov. 24 its Monetary Policy
Committee decided to lower the benchmark policy rate by 1.5
percentage points to 9%, following a series of similar jumbo cuts,
trend reports citing
hurriyet daily news .
The bank had similarly cut borrowing costs by 1.5 points last
month and by 1 point each in August and September. The Monetary
Policy Committee announced, however, that the easing cycle would
now come to a halt.
“Considering the increasing risks regarding global demand, the
Committee evaluated that the current policy rate is adequate and
decided to end the rate cut cycle that started in August,” it said
in a statement.
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