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The Turkish central bank has relaxed its monetary policy again.

2020-01-21 18:19:12

The topic of discussion in this article is related to the fact that the Turkish central bank relaxes its monetary policy.

What is the point of the Turkish central bank relaxing its monetary policy?

Economists did not expect the cut to be more than what economists expected, this rate cut is from 12 percent to 11.25 percent, but it is as low as it has been since July 2019, which will lead to the economy having to adapt to the interest rate front, a moderate decrease was said by the central bank, also inflation has been in line with the past forecast of 8.At the end of the year, the Turkish lira had a rise, with the dollar at 58375 lira to 0.6 percent, and in the middle of last year interest was at 24 percent.

From here that has been lowered sharply by the central bank, with about 4 steps, had been pressing for a more flexible policy by President Recep Tayyip Erdogan in a long time, where he fired Murat Cetinkaya the governor of the central bank in the summer, sending his deputy to this executive chair Murat Uysal, interest rates may fall to a single-digit figure, Erdogan said.

 Thus we conclude this article, where we talked about the Turkish central bank relaxing its monetary policy, it is expected that this content will arouse interest in readers of this area.

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