Turkey Slows Pace of Easing, Joins Negative Real-Rate Club

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Turkey Slows Pace of Easing, Joins Negative Real-Rate Club

Turkey’s central bank opted for the smallest interest-rate cut since embarking on its easing cycle under a new governor, as it balances demands for

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Turkey’s central bank opted for the smallest interest-rate cut since embarking on its easing cycle under a new governor, as it balances demands for further easing President Recep Tayyip Erdogan against the risk of a market backlash.

The Monetary Policy Committee reduced its key rate on Thursday to 11.25% 12% at this year’s first schedule […]

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