The interest rate cut is the first from Turkey's central bank, with chief Fatih Karahan, since March and it follows an increase in the key interest rate from 42.5 to 46 percent in April.
Inflation in Turkey fell to 35.1 percent in June, which can be compared to 75 percent in inflation as recently as May 2024. The central bank hopes to get it down to 24 percent by the turn of the year.
