Turkish central bank cuts rate to 36%, first cut in nine months

The central bank lowered its one-week repo rate by 100 basis points to 36 percent on Thursday, its first cut in nine months, after annual inflation fell to 29.7 percent in September, below 30 percent for the first time in nearly five years. The bank said it remains "highly attentive" to upside risks and would tighten again if the inflation outlook deteriorated; its next meeting is 10 December.

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