The Central Bank of Turkey Keeps Interest Rates Unchanged - the Sunrise Gate
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In its report titled "On Hold for Now," published after the Central Bank of Turkey (TCMB) kept interest rates unchanged, Barclays stated that it expects a rate cut in the last quarter of the year. Highlighting the main trend in inflation, weak domestic demand, and energy prices in the decision statement, the bank based its expectation of a rate cut on the assumption that geopolitical risks will ease and energy prices will stabilize.
The Central Bank kept its policy interest rate at 37 percent. While noting that the main trend of inflation has declined, the Bank emphasized that high energy prices pose an upward risk to inflation.
The Central Bank of Turkey, today, has kept key interest rates unchanged, amid concerns about the impact of geopolitical developments on inflation projections. The Bank's Monetary Policy Committee decided to maintain the main interest rate at 37%, as was widely expected.
The Central Bank of the Republic of Turkey (TCMB) announced that the Monetary Policy Committee decided to keep the policy interest rate, the 1-week repo auction interest rate, at 37 percent. The statement from the TCMB indicated that the Monetary Policy Committee decided to keep the policy interest rate, the 1-week repo auction interest rate, at 37 percent. The Committee also decided to keep the overnight lending rate at 40 percent, and the over…
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