Turkey’s central bank cuts its key rate again, egged on by Erdoğan
The year is likely to ‘end in tears’ as Turkey's president eyes single-digit inflation and more aggressive easing
12 December 2019 - 18:35
Istanbul — The easy part is probably over for Turkish central bank governor Murat Uysal after it delivered another interest-rate cut that exceeded forecasts.
Emboldened by lira stability and egged on by President Recep Tayyip Erdoğan’s calls for more aggressive easing, the monetary policy committee (MPC) reduced its key rate for a fourth time to 12% from 14%, exceeding predictions of most economists surveyed by Bloomberg...
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