India, July 24 -- Turkey's central bank lowered interest rates more than expected on Thursday in a bid to preserve the disinflationary conditions amid the uncertainty posed by trade war risks.
The Monetary Policy Committee, led by Governor Yasar Fatih Karahan, slashed the key interest rate to 43 percent from 46 percent, the CBRT said. Economists had forecast a reduction to 43.5 percent.
The overnight lending rate was cut to 46 percent from 49 percent and the overnight borrowing rate to 41.5 percent from 44.5 percent.
In June, the key interest rate was left unchanged. The previous change in the rate was a 350 basis points hike in April.
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"The tight monet...