ALBAWABA - Turkey's central bank made its first interest rate cut in over two years on Thursday, lowering its main interest rate by 250 basis points to 47.5%, Anadolu Agency reports. The decision comes after the bank raised the policy rate from 8.5% to 50% in order to fight skyrocketing inflation during a series of rate rises that took place from May 2023 to March 2024. The Monetary Policy Committee ...
