Turkish central bank makes largest-ever rate cut

central-bank-of-the-republic-of-turkey-2
CBRT

The Central Bank of the Republic of Turkey announced its biggest ever policy rate cut today (July 25), despite inflation being well above the target range.

The decision is likely to increase growing concerns about the independence of the central bank, following the dismissal of governor Murat Çetinkaya on July 5. The central bank’s monetary policy committee (MPC), led by newly-appointed governor Murat Uysal, said its decision was due to lower inflation expectations. Turkish president Recep

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: