Turkey's central bank has decided to maintain its key interest rate at 50% despite inflation reaching over 75%. The bank is closely monitoring inflation risks.
Turkey keeps interest rates on hold at 50% even as inflation soars, @ezgi_akin reports https://t.co/U7xGysXO83
#Turkiye central bank holds key interest rate.
Turkey keeps interest rates on hold, at 50%, even as inflation soars https://t.co/MyTnsZeSy5
Turkey extended an interest-rate pause with the central bank on alert for risks to inflation that just peaked above 75% https://t.co/396hjdY1Y3
NEW: Erdogan tells AKP loyalists in a party meeting earlier this month that he didn’t change his mind on interest rates • But people close to him say Erdogan will continue to uphold the orthodox monetary policy as long as inflation is high https://t.co/yycq5a9knz