Turkey Central Bank Announces Base Interest Rate at 11.25%... Down 12.75%p in 7 Months

[Asia Economy Reporter Son Sunhee] The Central Bank of Turkey lowered its benchmark interest rate by 0.75 percentage points from 12.00% to 11.25% on the 16th (local time).

According to Bloomberg News on the same day, the Central Bank of Turkey made this announcement. This figure represents a sharp drop of 12.75 percentage points in just seven months since June last year (24%). Although the rate cut was smaller than the previous announcement, the downward trend continued.