The central bank on Thursday cut its main rate, the one-week repo rate, to 8.25 percent from 8.75 percent amid what it says were improvements in global liquidity conditions in recent months.
In January, the bank increased rates to support the currency, which had fallen sharply as investors fretted over the outlook for many emerging economies.
The government of Prime Minister Recep Tayyip Erdogan has been pressuring the bank for a large rate cut.
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