Turkish central bank unveils emergency measures
Turkey’s central bank announced a wide range of emergency measures today (March 31), in a bid to protect the economy from the impact of the coronavirus pandemic.
The central bank’s moves followed both its recent decision to further cut policy rates despite above-target inflation and the government’s unveiling of an emergency support package.
The Central Bank of the Republic of Turkey announced it would extend rediscount credits worth 60 billion lira ($9.1 billion). The CBRT said the move aimed
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