Turkey's central bank slashes one-week repo rate to 11.25%

Turkey
# 16 January 2020 15:37 (UTC +04:00)

The Central Bank of the Republic of Turkey (CBRT) on Thursday slashed its benchmark one-week repo rate by 75 basis points to 11.25%, APA reports citing Daily Sabah.

The bank said in its statement the improvement in the inflation outlook and the prevailing recovery in the inflationary expectations continue.

Since July 2019, the central bank has cut the rates by 1,275 points in a move to further ease monetary supply.

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