Economic warming in Türkiye: Central Bank's key rate cut by 2.5%

The Turkish financial authorities have reduced the Central Bank's key rate by 2.5 percentage points - to 40.5%. In the summer, the republic's financiers decided to cut the rate from 46% to 43.5%. The one-day borrowing rate was reduced even further - from 41.5% to 39%.

The main regulator of the Turkish economy announced in a statement that inflationary pressures slowed in August. According to the statement, demand conditions remain in a disinflationary state. Nevertheless, risks persist.

According to the Central Bank of Türkiye, first of all, the pressure on inflation processes is exerted by prices for products and services. The global situation is also of considerable importance, the department noted.