Turkey central bank in big rate cut

Ankara: Turkey’s new central banker delivered the biggest interest-rate cut in at least 17 years, putting President Recep Tayyip Erdogan’s unconventional policy goals into practice less than three weeks after getting the job. The monetary policymakers led by Murat Uysal slashed the benchmark borrowing rate by 425 basis points to 19.75 per cent on Thursday, […]