Türkiye cuts interest rate to 9 percent, in line with market expectations

Turkish Central Bank cuts policy rate from 10.5 to 9 percent and ends easing cycle that started in August

The fourth straight cut underscores Türkiye’s monetary policy approach, which believes that lower rates will cool inflation.

The one-week repo rate, also known as the policy rate, fell to 9 percent from 10.5 percent, the central bank said in a statement on Thursday following its Monetary Policy Committee meeting.

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