Turkish central bank cuts its policy rate by 100 points to 37pc

ANKARA, Jan. 22 (Xinhua) -- Türkiye's central bank cut its benchmark interest rate by 100 basis points to 37 percent on Thursday, continuing a gradual Kenya breaking news | Kenya news today |..

✨ Key Highlights

The Turkish central bank has cut its benchmark interest rate by 100 basis points to 37 percent, marking the fifth reduction since last summer. This move signals a continued, albeit cautious, easing of monetary policy as inflation shows signs of cooling.

The central bank reduced its policy rate by 100 basis points to 37 percent.
The Monetary Policy Committee cited a decline in underlying inflation trends and moderating domestic demand as reasons for the cut.
Annual inflation in Türkiye slowed to 30.89 percent in December, down from a peak of 75.4 percent in May 2024.

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