CBRT slashes rates again as inflation enters single digits
The Central Bank of the Republic of Turkey has added a third sharp rate cut to its ongoing easing cycle, as inflation dipped into single figures for the first time in two years.
The bank’s monetary policy committee (MPC) chose to cut the one-week policy rate by 250 basis points, from 16.5% to 14%. Committee members highlighted a “moderate recovery” in economic activity and continued improvement in the inflation outlook.
The action follows a 325bp cut at the MPC’s previous meeting in September
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Monetary policy decisions
RBI holds rate despite stubborn inflation
Policy-makers hint at need for further tightening as inflation stays above target
RBA raises interest rate to 11-year high
Governor Philip Lowe signals further rate hikes may be needed
Dominican Republic cuts key rate by 50bp
Central bank expects headline inflation will have returned to target in May
Thailand’s central bank raises interest rate for sixth consecutive time
Central bank highlights upside risks to inflation amid economy recovery
Sarb raises rates and warns of worsening economy
Central bank cuts growth forecast and says long-term inflation expectations are rising
Nigerian MPC continues tightening
Official figures show slight rise in inflation as pressure on currency continues
Iceland raises rates 125bp to head off ‘wage-price spiral’
MPC orders largest increase in two-year tightening cycle as inflation remains near 10%
RBNZ raises rates to peak level
Central bank predicts rates will come down slightly faster than in February forecast