By Akin Nazli in Belgrade The Turkish central bank’s monetary policy committee (MPC) on November 24 cut its policy rate by another 150 bp to 9% (chart). The policy rate was now adequate and the rate-cutting cycle that started in August, bringing 500 bp of cuts in all, was at an end, an accompanying statement from the regulator added. The move was in line with expectations. Liam Peach at Capital Economics said in note to investors: “Turkey’s central bank (CBRT) delivered another 150bp interest rate cut, to 9.00%, at today’s meeting and suggested that this marked the end of the easing cycle. We’…