The Turkish central bank makes a larger-than-expected interest rate cut, adding pressure to the lira and exacerbating the risks.

Zh tng cijng APP hu xn, t'r q yngxng y zhu s d f xi tio l, jinch gng kui de jing l b f, wsh hur ji du gng xinzh fng mn de yq. Hub zhngc wiyun hu jing y zhu hugu ll cng 43% xitio zh 40.5%, jing f chogu tuz zh yq de 200 g jdin. Gihng hi jing gy dikn ll cng 46% xitio zh 43.5%, gy jikun ll cng 41.5% xitio zh 39%. The Financial Intelligence App learned that the Central Bank of Turkey slashed interest rates significantly on Thursday, maintaining a faster pace of interest rate cuts, ignoring Wall Street's expectations of a more significant slowdown. The Monetary Policy Committee reduced the one-week repo rate from 43% to 40.5%, a larger cut of 200 basis points than investors had expected. The bank also lowered the overnight lending rate from 46% to 43.5% and the overnight borrowing rate from 41.5% to 39%.