(Repeats Sept 9 article with no changes to text)
By Canan Sevgili
GDANSK, Sept 9 (Reuters) – Nearly 12 months ago, Turkey’s central bank embarked on a rate-cutting cycle in the face of soaring inflation, defying traditional monetary policy and running against a global trend of rising borrowing costs.
On September 23, 2021, policymakers started slashing the key interest rate, then at 19%. It now stands at 13% after the bank delivered another surprise cut in August – despite the monetary easing…