Turkey shocks markets with rate cut despite inflation near 80% - CNBC

Turkey's central bank shocked markets Thursday with a cut to its benchmark policy rate, despite inflation in the country sitting near 80%.

Turkish President Tayyip Erdogan arrives for a NATO summit in Madrid, Spain June 29, 2022. Turkey's central bank shocked markets Thursday with a cut to its benchmark policy rate, despite inflation i… [+4529 chars]

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