- In line with the easing party taking place across the globe, Turkey's central bank has slashed its interest rates by 3.25 bps, cutting its key rate to 16.5% from 19.75%.
- "Recently, advanced economy central banks have started to adopt more expansionary policies as global economic activity weakened and downside risks to inflation heightened," according to the central bank.
- It's Turkey's second marked policy easing in two months as it seeks to boost a recession-hit economy in which inflation has recently eased.
- BIST 100 +0.7% to 102,667.
- ETFs: TUR