Turkey launches monetary easing cycle with 250bp rate cut
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BNE
Unione Europea
26.12.2024. 18:55
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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