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Repo Rate Held At 9.0%, As Expected

TURKEY

The CBRT kept the one-week repo rate unchanged at 9.0%, as expected


From the press release:

  • Recession concerns in developed economies as a result of ongoing geopolitical risks and interest rate hikes continue
  • Level and underlying trend of inflation have been improved with the support of the integrated policy approach implemented to strengthen sustainable price stability and financial stability
  • The Committee will continue to decisively use the tools supporting the effectiveness of the monetary transmission mechanism and the entire policy toolset, particularly funding channels, will be aligned with liraization targets.

Click here to see full press release

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