Erdoğan: Turkish central bank's rate cut move is a step in right direction
Speaking at a Ramadan fast-breaking dinner with tradesmen in Istanbul, President Recep Tayyip Erdoğan called the central bank’s decision to cut interest rates by 250 basis points to 42.5% "a step in the right direction".
- Economy
- Reuters
- Published Date: 08:59 | 07 March 2025
- Modified Date: 09:03 | 07 March 2025
Turkish President Recep Tayyip Erdoğan said on Friday that the central bank's decision to cut its key interest rate by 250 basis points to 42.5% on Thursday was a step in the right direction.
Speaking at a Ramadan fast-breaking dinner with tradesmen in Istanbul, Erdoğan also said vendors and tradesmen must not allow those imposing "exorbitant price hikes" on citizens.
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