Türkiye's Central Bank Cuts Rate to 36% Despite $19bn Investment Fund Crisis

Name: Türkiye's Central Bank Cuts Rate to 36% Despite $19bn Investment Fund Crisis
Uploaded: 2026-10-23T04:18:54.00637+00:00
Description: The Central Bank of the Republic of Türkiye cut its benchmark rate by 100 basis points to 36% on Oct. 22, 2026, resuming an easing cycle halted for nine months. The move came despite a September crisis in which regulators ordered the liquidation of 131 investment funds holding roughly $19 billion in assets.

The Central Bank of the Republic of Türkiye cut its benchmark rate by 100 basis points to 36% on Oct. 22, 2026, resuming an easing cycle halted for nine months. The move came despite a September crisis in which regulators ordered the liquidation of 131 investment funds holding roughly $19 billion in assets.

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