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Turkish Central Bank Keeps Rates Unchanged at 14.00%, Alongside Expectations

CBRT

CBRT keep headline policy rates unchanged at 14.00% and keeps the majority of language in the accompanying statement unchanged.


Press release here:

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


Statement highlights:

  • Compared to peer economies, job creation has been stronger
  • Tourism-led improvement in current account balance continues with a solid pace
  • 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

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