Turkish president signals further interest rate cuts in 2025

ANKARA, Dec. 28 (Xinhua) -- Turkish President Recep Tayyip Erdogan confirmed on Saturday that additional policy rate cuts are expected in 2025, following the central bank's recent decision to reduce its key interest rate by 250 basis points to 47.5 percent.

"We will absolutely begin lowering interest rates. The year 2025 will be a turning point for this effort," Erdogan said during a meeting with members of his