UPDATE 1-Turkish central bank cuts rates 200 pts as easing cycle nears end
Turkey’s central bank cut its
policy rate by 200 basis points to 12% on Thursday, a bit more
than expected, and suggested its aggressive easing cycle was
nearing an end as inflation levels off and the economy emerges
from recession.
policy rate by 200 basis points to 12% on Thursday, a bit more
than expected, and suggested its aggressive easing cycle was
nearing an end as inflation levels off and the economy emerges
from recession.
Posted by Reuters
