Turkey Central Bank Cuts Policy Rate to 9%
By Maria Martinez
The Turkish central bank on Thursday reduced its benchmark rate
to 9% from 10.5%, even as inflation reached its highest level in
almost 25 years in October.
The bank was largely expected to cut interest rates to 9%.
The consumer price index--which measures what consumers pay for
goods and services--increased 85.5% in October on year, quickening
from a 83.5% rise in September.
Write to Maria Martinez at firstname.lastname@example.org
(END) Dow Jones Newswires
November 24, 2022 06:17 ET (11:17 GMT)
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