Turkey reveals rationale for latest cut

The Central Bank of Turkey lowered rates for the sixth straight month in February because monetary policy still supported disinflation, the minutes of the meeting show.

Earlier cuts had failed to impact medium- and long-term loan rates, the central bank said, adding that uncertainties regarding developments in mature markets were restraining a recovery in domestic demand.

The currency also remained strong, curbing inflationary pressures and easing the impact of rising commodity prices for

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