Türkiye halts easing cycle with one last interest rate cut

ANKARA, Nov. 24 (Xinhua) -- The Turkish central bank ended the easing cycle in benchmark rate with the last cut by 150 basis points to 9 percent on Thursday.

The central bank's Monetary Policy Committee said in a statement that "considering the increasing risks regarding global demand, the Committee evaluated that the current policy rate is adequate and decided to end the rate cut cycle that started in August."