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via rte.ieEconomy

Turkey's central bank cuts interest rate to 36%, first cut in nine months

FROM THE WIRE · RTE.IE

Turkey's central bank cut its key interest rate today to 36% in the first cut in nine months, pointing to a recent slowdown in inflation.

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishA central bank policy rate cut is a market-moving event for Turkish assets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Turkey's central bank cut its key interest rate to 36%.
  2. 02It is the first cut in nine months.
  3. 03The cut follows a recent slowdown in inflation.

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