Turkey launches monetary easing cycle with 250bp rate cut
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BNE
Unione Europea
17h
Turkey launches monetary easing cycle with 250bp rate cut
The monetary policy committee (MPC) of Turkey’s central bank on December 26 cut its policy rate by 250bp to 47.5% (chart). The market was aware that a rate cut was on the cards. Expectations varied between no rate cut to a 250bp cut. The median expectation was for a 150bp cut. Prior to the rate-set»»»
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