The Central Bank of Turkey lowered the key interest rate on Thursday for the third consecutive time. The new decision to lower the interest rate was announced after the bank's meeting, and the main interest rate was reduced. Over the past three months, the bank has lowered the key interest rate by several percentage points.
The bank's official statement emphasized the importance of supporting a moderate monetary policy in the context of economic changes. According to the bank, the reduction of the interest rate contributes to supporting inflation at the target level and stimulating economic growth.
"Monetary policy will be regulated with consideration of the overall economic situation and is aimed at achieving and supporting moderate inflation in the long term," - said the representative of the Central Bank of Turkey after the meeting.
Experts note that reducing the interest rate may facilitate the activation of economic activity in the country. At the same time, some analysts express concerns about the potential further impacts of lowering the interest rate on inflation levels in the country.
