Today news
About the same in other media
Turkish Central Bank Cuts Rates, Adding to Pressure on Economy
Reading now: 263
ISTANBUL—Turkey’s central bank cut key interest rates for the second consecutive month on Thursday, bowing to pressure from President Recep Tayyip Erdogan, who favors lower rates as a part of an unorthodox strategy to encourage economic growth.
The bank said it cut Turkey’s benchmark interest rate to 12% from 13%. The Turkish lira fell as much as 0.4% against the dollar to a new record low after the decision. One U.S. dollar recently bought 18.3866 lira.
Read more on wsj.comAbout this in other media
India’s Central Bank Calls Aggressive Monetary Policy a Shock to Global Economy wsj.com /2 years ago
Central banks can push DeFi into mainstream: Swiss National Bank official cointelegraph.com /2 years ago
'Do not bet': China's central bank warns against yuan speculation cnbc.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
