Turkish Banks Rally as Central Bank Restores Cheaper Funding

🇹🇷 Bloomberg (TR) —

AI Summary

Turkish banking stocks surged after the central bank resumed cheaper funding by lowering the borrowing costs from its 37% policy rate. This move is expected to improve profit margins for lenders, boosting investor confidence.

Turkish banking stocks surged after the central bank moved to resume funding from its 37% policy rate, effectively lowering borrowing costs and aiding expectations for lenders’ profit margins.

Markets Deals Turkish banks central bank interest rates funding profit margins financial markets

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