Turkey’s central bank eases rates for sixth straight month
The bank reported in a statement on its official website that the adverse impact of domestic developments in mid-July on market indicators has been largely reversed due to improved global risk appetite and the recent measures.
According to the statement, domestic demand is having a positive impact on growth, albeit at a lesser extent. Plus, demand from the EU countries continues to support exports and economic activity displays a moderate and stable course of growth.
The bank also repeated that it decided to take a measured and cautious step towards simplification and future monetary policy decisions will be conditional on the inflation outlook.
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