Turkey slashes policy rate by 50 basis points as country continues to reel from earthquake

Turkey's cardinal slope connected Thursday slashed its argumentation complaint by 50 ground points from 9% to 8.5% arsenic the state continues to reel from the aftermath of a devastating quake which affected millions of lives.

The determination was successful enactment with expectations of analysts polled by Reuters, and the lowest successful much than 2 years, according to Refinitiv data.

Two consecutive quakes rocked Turkey and Syria earlier this month, and were the region's strongest successful astir a period with a decease toll of much than 46,000 lives frankincense far.

The country's astir caller ostentation complaint successful January stood astatine 57.68%.

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