Fundamental: Turkey slashes policy rate by 50 basis points as country continues to reel from earthquake

Turkey's central bank on Thursday slashed its policy rate by 50 basis points from 9% to 8.5% as the country continues to reel from the aftermath of a devastating quake which affected millions of lives. The move, which marks a resumption of a series of interest rate cuts in 2022 in spite of high inflation, was in line with Reuters' expectations and is the ...     Alert Feb 23, 2023, 10:57pm Fundamental: Turkey slashes policy rate by 50 basis points as country continues to reel from earthquake Turkey's central bank on Thursday slashed its policy rate by 50 basis points from 9% to 8.5% as the country continues to reel from the aftermath of a devastating quake which affected millions of lives. The move, which marks a resumption of a series of interest rate cuts in 2022 in spite of high inflation, was in line with Reuters' expectations and is the ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support