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CBRT Keeps Rates Unchanged, As Expected

TURKEY

CBRT keeps rates unchanged at 14.00%, as expected

Full statement here: https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN...


Statement highlights:

  • The escalation of ongoing geopolitical risks keeps the downside risks to regional and global economic activity alive
  • The Committee expects disinflation process to start on the back of strengthened measures for sustainable price and financial stability along with the decline in inflation owing to the base effect and the resolution of the ongoing regional conflict
  • The comprehensive review of the policy framework continues with the aim of encouraging permanent and strengthened liraization in all policy tools of the CBRT

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