Turkey’s Central Bank cuts interest rates 75 bps

Anadolu Agency | Jan 16, 2020 at 12:00 AM
  • Turkey’s Central Bank on Thursday reduced its one-week repo rate 75 basis points.
  • In its latest report, Turkey’s Central Bank cut the country’s year-end inflation forecast from 13.9% to 12%.
  • The bank’s forecast for this year was unchanged at 8.2%, while the new economic program targets 8.5% inflation rate for 2020.