Turkey cuts rates for first time in 22 months

Turkey begins cutting rates after inflation-fighting drive
Turkey's central bank cut its key interest rate by 250 basis points to 47.5% on Thursday, a bit more than expected, launching an easing cycle meant to leave behind protracted economic turmoil and a cost-of-living crisis.
Turkey cuts rates for first time in 22 months with jumbo reduction
Turkey’s central bank lowered its main interest rate for the first time in almost two years, pointing to slower consumer demand and the currency’s strength for a larger-than-expected cut of 250 basis points.
Turkish CB Cuts Interest Rate For First Time Since Early 2023
Turkey's central bank lowered its key policy rate on Thursday, signaling a start to the easing cycle, after maintaining the key
Wall Street Split on Turkey’s Likely First Rate Cut in Years
Turkey’s central bank is expected to deliver its first interest rate cut in nearly two years on Thursday, with major banks divided on the size of the reduction.
Turkey launches monetary easing cycle with 250bp rate cut
By Akin Nazli in Belgrade 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.
Turkey cuts interest rates marking first reduction in nearly two years
Turkey's central bank has reduced interest rates for the first time since February last year after indications of easing consumer inflation. The Monetary Policy Committee, led by governor Fatih Karahan,
Turkey Eyes Role in Reviving Syria’s Oil and Gas Development
Turkey said it wants to help increase oil and natural gas production in Syria, the latest step in Ankara’s overtures for ...
Turkey’s central bank lowers key interest rate to 47.5%
Turkey’s central bank has lowered its key interest rate by 2.5 percentage points to 47.5%, carrying out its first rate cut in ...
Eleven people killed in explosives factory blast in Turkey, minister says
A blast ripped through an explosives factory in northwest Turkey on Tuesday, killing 11 people and injuring seven, Interior ...
New York Sun17h
Turkey, in Concert With Syria, Aims To Redefine Maritime Boundaries in Its Favor
After Assad’s ouster earlier this month, Ankara is keener than ever to exploit energy resources under the Mediterranean Sea.
Turkey's soaring costs are creating a 'lost generation' of kids forced to help their families get by
In a dim one-room apartment in one of Istanbul’s poorest neighborhoods, 11-year-old Atakan Sahin curls up on a threadbare ...
Democracy Now1d
Turkey’s Erdoğan Threatens to “Bury” Syrian Kurds Unless They Lay Down Arms
Many of the protesters waved the green, yellow and red flags of the Women’s Protection Units, an affiliate of the Kurdish ...
Turkey Raises Minimum Wage by 30%, Boosting Rate Cut Chances
Turkey raised the monthly minimum wage by 30%, a relief for investors looking for concrete steps to dial back populist ...
How did the turkey became the star of Christmas dinners?
One tradition says it was King Henry VIII who elevated the turkey as the star of Christmas dinners. Another legend credits ...
Eva Longoria Says Her Turkey-Stuffed Zucchini Boats Are Fun to Make and Eat
4. Using a small spoon, carefully scrape out seeds and soft core of each zucchini half; discard seeds. Season each “boat” ...