{
  "id": 16091815,
  "title": "Turkey’s central bank cuts key rate to 36% from 37%",
  "url": "https://urgent.news/2026/10/22/turkeys-central-bank-cuts-key-rate-to-36-from-37",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T19:12:46.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/economy-news/turkeys-central-bank-cuts-key-rate-to-36-from-37-93CH-4967221"
  },
  "original_language": "en",
  "account": "On Thursday, Turkey's central bank decreased its key interest rate by 100 basis points to 36%, aligning with market forecasts after maintaining rates steady during the previous five meetings. The move aimed to assess the impact of inflation stemming from the Iran war. In a survey, 22 economists predicted a rate reduction, while just two anticipated no change in borrowing costs. Economists foresee another 100 basis point decrease at the December meeting, which would bring the year-end policy rate to 35%. The bank had kept the rate at 37% since the onset of the Iran war at the end of February. Throughout this period, the central bank introduced liquidity measures that elevated the lira overnight rate to the 40% ceiling until August. Last month, Turkey's investment fund sector experienced a crisis as regulators ordered the liquidation of 131 funds, which had amassed over $20 billion in assets over three years. The measures were implemented on September 17 following turmoil in the fund market. Central Bank Governor Fatih Karahan had earlier stated that data indicated no risk of contagion from the crisis, and the bank would intervene again if needed. Following the rate decision, the lira closed at 49.6275, up from a close of 49.6025 on Wednesday.",
  "summary": null,
  "key_points": [
    "Turkey's central bank reduces key interest rate to 36% from 37%",
    "Decision made to evaluate inflation impact from Iran war",
    "Further 100 basis point cut expected by December"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}