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President Recep Tayyip Erdoğan has advocated for enhanced international cooperation and equitable debt restructuring for low-income nations during his address at the G20 summit in Johannesburg.President Recep Tayyip Erdoğan has joined world leaders at the G20 summit in Johannesburg, where he was formally welcomed by South African President Cyril Ramaphosa.Official data shows Türkiye attracted 47.25 million foreign visitors from January to October 2025, nearly matching last year's record pace.The World Health Organization has immunized more than 10,000 children under three in Gaza during the first eight days of a vaccination campaign launched on November 9. The initiative aims to reach over 40,000 children with protection against multiple diseases, with subsequent phases planned through January 2026.President Recep Tayyip Erdogan will travel to Johannesburg to participate in the G20 leaders' summit scheduled for November 22-23. The Turkish leader is expected to address multiple sessions focused on the summit's core themes of solidarity, equality, and sustainability, while also conducting bilateral meetings with other world leaders.

President Recep Tayyip Erdoğan has advocated for enhanced international cooperation and equitable debt restructuring for low-income nations during his address at the G20 summit in Johannesburg.President Recep Tayyip Erdoğan has joined world leaders at the G20 summit in Johannesburg, where he was formally welcomed by South African President Cyril Ramaphosa.Official data shows Türkiye attracted 47.25 million foreign visitors from January to October 2025, nearly matching last year's record pace.The World Health Organization has immunized more than 10,000 children under three in Gaza during the first eight days of a vaccination campaign launched on November 9. The initiative aims to reach over 40,000 children with protection against multiple diseases, with subsequent phases planned through January 2026.President Recep Tayyip Erdogan will travel to Johannesburg to participate in the G20 leaders' summit scheduled for November 22-23. The Turkish leader is expected to address multiple sessions focused on the summit's core themes of solidarity, equality, and sustainability, while also conducting bilateral meetings with other world leaders.

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Turkish Central Bank lowers interest rates by 50bps

News Service

11:24, 21/05/2020, Thursday

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Turkish Central Bank lowers interest rates by 50bps

File photo

Policy rate, also known as one-week repo rate, down to 8.25% from 8.75%, parallel with market expectation

The Turkish Central Bank on Thursday lowered its one-week repo rate by 50 base points, in line with market expectation.

A statement from the bank's fifth of 12 Monetary Policy Committee (MPC) meetings scheduled for this year said the policy rate was dropped to 8.25% from 8.75%.

According to Anadolu Agency's survey on Monday, a group of 17 economists expected a drop in one-week repo rate with a median of 50 base points.

In April, the Central Bank cut its interest rate by full point amid coronavirus fears to 8.75% from 9.75% following reductions over the last ten months.

Since the beginning of this year, the bank has cut the rate by a total of 375 basis points.

In 2019, the bank cut the rate gradually by 1,200 basis points to 12% from 24%.

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Titles :interest rate Monetary Policy Committee MPC one-week repo rate policy rate Turkish Central Bank

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