Turkey Central Bank Pessimistic on Growth Seen Cutting Further

  • Bank lowers key rate for seventh month by 25bps to 8.25%
  • Statement shows policy makers downbeat on growth outlook

Erdogan: Turkish Rate Cuts Should Continue Steadily

The Turkish central bank cut a key interest rate for a seventh month to extend its longest easing cycle in at least six years, amid mounting signs that growth is losing steam as consumers keep a lid on spending.

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