In its last reduction in December 2024, the bank had also cut the rate by 2.5 percentage points.
It reaffirmed its commitment to controlling soaring inflation. Core goods inflation, however, remains relatively low.
“While inflation expectations and pricing behavior tend to improve, they continue to pose risks to the disinflation process,” the bank said in a statement.
Annual inflation in Turkiye slowed to 44.38 per cent in December last year from 47.09 per cent in November.
The tight monetary stance will be maintained until price stability is achieved via a sustained decline in inflation, the bank added.
ALCHEMPro News Desk (DS)
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