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flag Turkey's central bank cuts key interest rate by 2.5% points, responding to slower inflation.

flag Turkey's central bank has lowered its key interest rate by 250 basis points to 40.5%, responding to a slowdown in inflation, which fell to 32.95% in August. flag Despite a GDP growth rate exceeding expectations in the second quarter, domestic demand remains weak. flag The bank stated it will maintain a tight monetary policy until price stability is achieved, reviewing rates at each meeting.

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