土耳其10年期国债 (Turkey10Y) 加自选

土耳其央行在2025年7月的会议上将基准利率下调300个基点至43%，超过了市场对温和下调至43.5%的预期中值。此举抹去了4月份基准利率上调350个基点的大部分，当时地缘政治紧张局势引发里拉暴跌，并威胁到货币当局控制货币贬值的工具。央行指出，根据最新数据，通胀的基本趋势没有变化，尽管较高的借贷成本推动了需求条件的反通胀效应增加。TCMB还指出，经济不确定性的增加和全球贸易保护主义的抬头也给增长带来了下行风险，也保证了借贷成本的降低。与此同时，隔夜拆借利率和隔夜降息率也分别下调300个基点至46%和41.5%。

The Central Bank of Turkey cut its benchmark interest rate by 300 basis points to 43% in its July 2025 meeting, more than median market expectations of a softer cut to 43.5%. The move erased most of the 350bps hike in the benchmark rate in April, when geopolitical tension triggered a plunge in the lira and threatened the monetary authority's tools that control the depreciation of the currency. The central bank noted that the underlying trend of inflation was unchanged according to the latest data, although higher borrowing costs drove disinflationary effects of demand conditions to increase. The TCMB also noted that increased economic uncertainty and the rise of protectionism in global trade also placed downside risks to growth, also warranting a reduction in borrowing costs. In the meantime, the overnight borrowing rate and the overnight cutting rate were also reduced by 300bps to 46% and 41.5%, respectively.