Istanbul The Turkish central bank is helping the economy suffering from the coronavirus pandemic with a rate cut. The key rate will be lowered by 50 basis points to 8.25 percent, the central bank said on Thursday. Experts had expected such a step. It is the ninth rate cut in a row. In July 2019, the base rate was still 24 percent. The lira temporarily rose slightly on the financial market, but was unable to maintain its gains.