{"id":76229,"date":"2022-11-24T16:54:30","date_gmt":"2022-11-24T12:54:30","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=76229"},"modified":"2022-11-24T16:54:38","modified_gmt":"2022-11-24T12:54:38","slug":"the-turkish-central-bank-cuts-interest-rates-to-9-and-decides-to-end-the-easing-cycle","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/the-turkish-central-bank-cuts-interest-rates-to-9-and-decides-to-end-the-easing-cycle\/11\/24\/market-updates\/","title":{"rendered":"The Turkish Central Bank cuts interest rates to 9% and decides to end the easing cycle"},"content":{"rendered":"\n<p>Turkey&#8217;s central bank on Thursday cut its key interest rate by 150 basis points to 9 percent as expected. It announced it had decided to end the easing cycle, which began in response to a call by President Recep Tayyip Erdogan to cut rates below 10 percent by the end of the year despite inflation exceeding 85 percent. .<\/p>\n\n\n\n<p>As a result, the lira fell to an all-time low of 18.66 against the dollar, and settled at 18.63 by 1107 GMT.<\/p>\n\n\n\n<p>After Thursday&#8217;s move, the total easing in four months is 500 basis points. The central bank indicated that stimulus is necessary in light of the presence of signs of a slowdown in the economy, despite the racing of central banks around the world in the other direction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Turkey&#8217;s central bank on Thursday cut its key interest rate by 150 basis points to 9 percent as expected. It announced it had decided to end the easing cycle, which began in response to a call by President Recep Tayyip Erdogan to cut rates below 10 percent by the end of the year despite inflation &hellip;<\/p>\n","protected":false},"author":9,"featured_media":34416,"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":[8473,6987,8494,7095],"class_list":["post-76229","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-consumer-inflation","tag-inflation","tag-inflationary-pressures","tag-turkey"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76229","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=76229"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76229\/revisions"}],"predecessor-version":[{"id":76231,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76229\/revisions\/76231"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/34416"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=76229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=76229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=76229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}