{"id":55118,"date":"2021-11-18T16:31:46","date_gmt":"2021-11-18T12:31:46","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=55118"},"modified":"2021-11-18T16:31:48","modified_gmt":"2021-11-18T12:31:48","slug":"cbrt-cuts-policy-rate-by-100-basis-points","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/cbrt-cuts-policy-rate-by-100-basis-points\/11\/18\/market-updates\/","title":{"rendered":"CBRT Cuts Policy Rate by 100 Basis Points"},"content":{"rendered":"\n<p>The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it lowered its policy (one-week repo) rate by 100 basis points to 15% as expected.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;Decided to cut rates after evaluating areas that monetary policy can impact.&#8221;<\/p><p>&#8220;Positive impact of policy on commercial loans being seen.&#8221;<\/p><p>&#8220;Evaluated temporary impacts on inflation will have influence in the first half of 2022.&#8221;<\/p><p>&#8220;Might ease policy again in December.&#8221;<\/p><p>&#8220;Will continue to use all policy tools until 5% inflation target achieved.&#8221;<\/p><p>&#8220;Stability in the general price level will foster macroeconomic stability and financial stability through the fall in country risk premium.&#8221;<\/p><p>&#8220;Stability in general price level would create a viable foundation for investment, production and employment to continue growing in a healthy and sustainable way.&#8221;<\/p><cite>Key qoutes by Reuters<\/cite><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it lowered its policy (one-week repo) rate by 100 basis points to 15% as expected. &#8220;Decided to cut rates after evaluating areas that monetary policy can impact.&#8221;&#8220;Positive impact of policy on commercial loans being seen.&#8221;&#8220;Evaluated temporary impacts on inflation will have influence &hellip;<\/p>\n","protected":false},"author":9,"featured_media":32677,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7246,7095],"class_list":["post-55118","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-cbrt","tag-turkey"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=55118"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55118\/revisions"}],"predecessor-version":[{"id":55119,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55118\/revisions\/55119"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32677"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=55118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=55118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=55118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}