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Central Bank of Turkey Lowers Policy Rate to 40.5%

The decision marks a slower phase of monetary easing as the Turkish central bank adjusts its policy rate.

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Terms & Concepts
  • Policy Interest Rate: The benchmark rate set by a central bank to influence the cost of borrowing and lending within the economy.
  • Monetary Easing: A central bank strategy to lower interest rates or take other measures to stimulate economic growth.