Turkey's central bank cut its key interest rate by 100 basis points
Turkey's central bank has decided to reduce the policy rate (one-week repo auction rate) from 19.00 percent to 18.00 on Thursday.
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Turkish Lira Weakens some 1.5% to 8.8 against the U.S. dollar after the bank’s Monetary Policy Committee rate decision.
“The Committee will continue to take its decisions in a transparent, predictable, and data-driven framework,” the bank said in a statement. (ILKHA)
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Azerbaijan and Iran have successfully conducted joint naval drills, codenamed AZIREX-2024, in the Caspian Sea.
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Türkiye's Domestic Producer Price Index (D-PPI) surged by 32.24% year-on-year in October 2024, reflecting persistent inflationary pressures in the country. The monthly increase was 1.29%.
