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Rates Unchanged at 14.00%, As Expected

CBRT

CBRT keep policy rates unchanged at 14.00%, alongside expectations. Full policy statement here: https://www.tcmb.gov.tr/wps/wcm/connect/e7776678-b...


CBRT statement highlights:

  • The Committee will continue to implement the strengthened macroprudential policy set decisively and take additional measures when needed.
  • The Committee expects disinflation process to start on the back of measures taken.
  • To create an institutional basis for sustainable price stability, the comprehensive review of the policy framework continues.
  • The collateral and liquidity policy actions, of which the review process is finalized, will continue to be implemented.

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