ISTANBUL Türkiye 's leading business chambers hailed the Central Bank ’s 250 basis point rate cut to 40.5 percent, saying the move — deeper than markets had anticipated — could bolster production, exports and credit access if swiftly reflected in lending conditions. Istanbul Chamber of Commerce (İTO) Chairman Şekib Avdagiç said they considered it significant that the Central Bank’s rate-cut cycle continued in parallel with the decline in inflation. “Our main expectation is for the rate-cut

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