Turkey's Central Bank surprises markets with sharp rate cut

Turkey's central bank lowers key interest rate to 47.5%
Turkey’s central bank lowered its key interest rate by 2.5 percentage points to 47.5% on Thursday, carrying out its first rate cut in nearly two years as it tries to control soaring inflation. Citing slowing inflation,
Egypt central bank keeps overnight interest rates steady
Egypt's central bank kept its overnight interest rates unchanged on Thursday, as expected, saying that while inflation was set to decelerate sharply in early 2025 it nonetheless remained high.
Russian central bank surprises markets by holding key rate at 21%
Russia’s central bank on Friday left its key interest rates unchanged at 21%, citing monetary tightness as Moscow wages its ongoing battle with sky-scraping inflation.
Here's what we now know about the European Central Bank's rate cut plans
Policymakers in Frankfurt indicated a clear dovish shift, but exactly where they will stop rate cuts remains a topic of debate.
Russian central bank surprises markets by holding rates at 21% despite sky-high inflation
Russia’s central bank on Friday left its key interest rates unchanged at 21%, citing monetary tightness as Moscow wages its ongoing battle with sky-scraping inflation.
Russian Central Bank Surprises by Leaving Key Rate at 21%
Russia’s central bank left its key interest rate unchanged as it struggles to contain a surge in inflation driven by the diversion of men and material to prosecute Vladimir Putin’s invasion of Ukraine.
Turkey's Central Bank surprises markets with sharp rate cut as inflation eases
The Central Bank of the Republic of Turkey (CBRT) has cut its benchmark one-week repo rate by 250 basis points, bringing it down to 47.5%. The move exceeded economists' forecasts of a 150-basis-point reduction and marked a shift in monetary policy after eight consecutive meetings.
Turkish central bank cuts rates after 18-month tightening drive
Turkey's central bank cut its key interest rate by 250 basis points to 47.5% on Thursday, at the top end of expectations, launching an easing cycle meant to leave behind protracted economic turmoil and a cost-of-living crisis.
Thai Government Suffers Setback in Bid to Influence Central Bank
The Thai government’s campaign to pressure the Bank of Thailand to cut interest rates suffered a significant setback, with ...
Lending may have slowed 'faster than necessary' in Russia's inflation fight, says central bank official
Bank interest rates on deposits and loans rose much higher than the central bank's key rate, causing a slowdown in lending ...
Indian banks' balance sheets stay robust, bad loans decline more, central bank report says
Indian banks' financial position has stayed robust, marked by the sustained expansion in loans and deposits, while their ...
Russia’s central bank holds off on interest rate hike amid friction between inflation, war spending
Russia’s central bank has left its benchmark interest rate at a record 21%, holding off on further increases despite high ...
Brazil Central Bank Offers to Sell $3 Billion as Real Weakens
Brazil’s central bank stepped into markets again to prop up the real amid a rout sparked by concerns about the sustainability ...
Botswana central bank flags 'minimal’ risks from crypto but urges regulation
Botswana’s central bank said that as local crypto markets remain underdeveloped, crypto poses minimal risks to its financial ...
Exclusive-Mexico central bank could weigh rate cut of 25 or 50 bps in February, deputy governor says
Mexico's central bank board could discuss a rate cut of either 25 basis points or 50 basis points in its next decision in ...