Turkish Central Bank Slows Pace of Rate Cuts as Food Inflation Picks Up

Core Viewpoint - Turkey's central bank has continued its trend of reducing borrowing costs, marking the fifth consecutive meeting where the benchmark rate has been cut to 37% from the previous 38.0% [1] Group 1 - The central bank's decision reflects an ongoing strategy to lower interest rates in response to economic conditions [1] - The reduction in the benchmark rate is part of a broader monetary policy aimed at stimulating economic growth [1] - This move may influence borrowing and spending behaviors within the Turkish economy [1]