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Turkish Central Bank leaves policy rate at 50% for 6th straight meeting
Türkiye's Central Bank on Thursday left the benchmark one-week repo rate unchanged at 50% for the sixth straight meeting, in line with economists' expectations.
The bank reiterated its cautious stance against inflationary risks.
"The tight monetary stance will be maintained until a significant and sustained decline in the underlying trend of monthly inflation is observed, and inflation expectations converge to the projected forecast range," the bank said in a statement.
Türkiye's annual consumer inflation eased to 51.97% in August, the lowest since July 2023. On month-on-month basis, the consumer prices index rose 2.47% in August, slowing from July's 3.23%.
#Central Bank
#policy rate
#repo rate
