Investing.com -- Turkey's central bank has made a noteworthy move by cutting its interest rate for the second time in a row. This decision comes in the wake of a more significant than anticipated slowdown in headline inflation in December.
The Monetary Policy Committee, under the leadership of Governor Fatih Karahan, has reduced its one-week repo rate to 45% from the previous 47.5%. This change is in line with the predictions of all economists surveyed by Bloomberg, who had foreseen a reduction of 250 basis points.
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