20 June, Wednesday

Turkey's Central Bank leaves key interest rates on hold


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Turkey's Central Bank decided to leave its key interest rates unchanged during its meeting Wednesday, the bank announced.
The bank left its benchmark interest rate or one-week repo rate at 8 percent while the marginal funding and overnight borrowing rates were also unchanged at 9.25 and 7.25 percent, respectively.
The bank also kept late liquidity window interest rates steady at 12.75 percent.
The bank said in the statement that it will keep its tight monetary policy stance until there is a significant improvement in the economy independent from temporary factors.
It added that the current level of inflation and developments in core inflation indicators pose risks to pricing behavior.
Turkey's annual inflation rose 10.26 percent in February, year-on-year, marking a slight decrease of 0.09 percentage points compared to the figures from the previous month.

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