ANKARA
Addressing concerns of the fallout from coronavirus, in an extraordinary meeting on Tuesday the Turkish Central Bank Monetary Policy Committee cut its policy rate from 10.75 to 9.75.
The bank was set to meet on Thursday, but with fears of the virus mounting, and cases climbing worldwide, the meeting was moved up.
The bank underlined that the downside risks of the year-end inflation projection have risen, led by a mild trend in core inflation indicators, a sharp fall in international commodity prices, and the increased disinflationary effects of aggregate demand conditions.
"The Committee assesses that maintaining a sustained disinflation