At the Monetary Policy Committee meeting on October 20, it was decided to reduce the policy rate from 12 percent to 10.5 percent. According to the Central Bank's statement, the weakening effect of geopolitical risks around the world on economies makes lower growth rates and economic stagnation possible in the future. It was decided to reduce the policy rate by 150 basis points to alleviate the negative impact that the decreasing foreign demand and the uncertain environment in the global economy might have on production and employment. Until inflation falls to single digits and price stability is maintained, the Central Bank will continue to use all the tools at its disposal within the framework of the liralaşma strategy. At the end of these steps, it is expected that the general level of prices will be stabilized, risk premiums will decrease and the demand for local currency will increase. Thus, a suitable ground will be created to continue investment, production, and employment growth healthy and sustainably.
