Thursday, November 11, 2021

Turkish cenbank to cut policy rate to 15%, as lira hits record lows | Reuters

Turkish cenbank to cut policy rate to 15%, as lira hits record lows By Ali Kucukgocmen ISTANBUL, Nov 11 (Reuters) - Turkey's central bank is expected to cut its policy rate by 100 basis points to 15% next week, a Reuters poll showed on Thursday, continuing an easing cycle despite rising inflation and a currency that has sunk to record lows. More:Turkish cenbank to cut policy rate to 15%, as lira hits record lows | Reuters