Turkey's central bank lowered its key rate by 150 basis points to 9% on November 24, with no further reductions planned.
At its previous meeting, Turkey's financial regulator cut its key rate by 150 basis points from 12 percent to 10.5 percent.
Turkey's central bank lowered its key interest rate despite the highest inflation rate in 25 years and a falling lira.
Turkey's central bank has no plans to soften its monetary policy further.