Turkey's central bank cut its key interest rate by 200 basis points
Turkey's central bank has decided to reduce the policy rate (one-week repo auction rate) from 18.00 percent to 16.00 on Thursday.
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Turkish Lira weakens some 1.3% to 9.4 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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Russia announced on Monday that its air defense systems successfully intercepted and destroyed eight ballistic missiles allegedly launched by Ukraine.
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Foreign ministers from the Group of Seven (G7) industrialized nations convened Monday in Fiuggi, Italy, to address pressing global conflicts, including the wars in Ukraine and the Middle East.
