ANKARA The Central Bank of Türkiye has lowered its policy rate , the one-week repo auction rate, from 43 percent to 40.5 percent. This follows a 300-basis-point cut in July. Most economists had expected the bank to deliver a 200-basis-point reduction at its Monetary Policy Committee meeting on Sept. 11. The committee also lowered the central bank overnight lending rate from 46 percent to 43.5 percent and the overnight borrowing rate from 41.5 percent to 39 percent. The tight monetary policy