ANKARA The Turkish Central Bank has lowered its key interest rate by 250 basis points to 47.5 percent, delivering the first cut in nearly two years. Most economists had expected the bank to reduce the key rate, the one-week repo auction rate, by 150 basis points. The last cut was in February 2023. “The Monetary Policy Committee (MPC) also decided to adjust the monetary policy operational framework by setting the overnight borrowing and lending rates 150 basis points below and above the one-week