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Turkey central bank holds rates at 50%

Turkey’s central bank kept interest rates unchanged at 50% on Thursday for the second month in a row, as expected. The Bank said in a statement: "The effects of monetary tightening on credit conditions and domestic…

Türkiye holds interest rate unchanged | News

The Turkish Central Bank held the policy interest rate constant at 50% on Thursday, in line with market expectations.The bank stressed that despite an ongoing decline, the underlying trend of monthly inflation was higher than expected."While imports of consumption goods and gold contribute to the improvement in the current account balance, other recent indicators imply that domestic demand remains resilient," it added.-->It"While-->…