ANKARA: Turkey's central bank Wednesday cut a key interest rate at the debut meeting of its new governor in a move aimed at reassuring skittish investors but that disappointed the government.
The bank said the overnight marginal funding rate was trimmed 50 basis points, as expected by analysts, to 10.0 percent from 10.50 percent. It left the one-week repurchasing rate unchanged at 7.5 percent, as also widely forecast.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.