1st LD Writethru: Türkiye's central bank lowers policy rate to 47.5 pct

ANKARA, Dec. 26 (Xinhua) -- Türkiye's central bank on Thursday cut its benchmark interest rate by 250 basis points to 47.5 percent, marking its first rate cut after keeping rates steady for months.

"The underlying trend of inflation was essentially flat in November. Leading indicators point to a decline in the underlying trend in December," the bank's Monetary Policy Committee said in a statement, adding, "