Beril Akman

Turkey’s central bank lowered interest rates for the first time in almost two years after consumer inflation showed signs of easing and said that future easing steps would depend on price data.

(Bloomberg) -- Turkey's central bank lowered interest rates for the first time in almost two years after consumer inflation showed signs of easing and said that future easing steps would depend on price data.

El Banco Central de Turquía bajó las tasas de interés por primera vez en casi dos años, tras señales de menor inflación en el país, y dijo que futuros movimientos dependerían de los datos de precios.

Analysts are now expecting the Turkish central bank to deliver sizable interest-rate cuts at every policy meeting in 2025 following Thursday’s bigger-than-expected reduction, despite officials cautioning against an uninterrupted easing cycle.

Analysts are now expecting the Turkish central bank to deliver sizable interest-rate cuts at every policy meeting in 2025 following Thursday’s bigger-than-expected reduction, despite officials cautioning against an uninterrupted easing cycle.

Turkish inflation in December likely eased less than the central bank projected, just as policymakers have started to set the stage for a more accommodative stance in the new year.

Turkish central bank officials will step up meetings with local business leaders this year, seeking to improve policy communication at the start of what’s expected to be a lengthy interest-rate cutting cycle.

A top Turkish central bank official told bankers that the pace of interest-rate cuts will be based on the course of inflation, pushing back against market expectations for sizable, consecutive reductions, according to people familiar with the matter.

(Bloomberg) -- A top Turkish central bank official told bankers that the pace of interest-rate cuts will be based on the course of inflation, pushing back against market expectations for sizable, consecutive reductions, according to people familiar with the matter.

(Bloomberg) -- A top Turkish central bank official told bankers that the pace of interest-rate cuts will be based on the course of inflation, pushing