US EditionTurkey's BC Maintains an Interest Rate of 46% and Indicates that Policy Will Continue to Be Restrictive
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The Central Bank of the Republic of Türkiye (CBRT) kept the policy rate constant at 46 percent in its June Monetary Policy Committee (MPK) meeting.
The CBRT interest rate decision announced under the shadow of the Iran-Israel conflict has been announced. While Türkiye's high interest rate policy continues, the fact that countries experiencing hot conflicts apply much lower interest rates has created astonishment in economic circles. In a period of increasing geopolitical risks, the central bank maintains its cautious stance against signals of deterioration in inflation expectations.
According to the monetary authority, possible effects of geopolitical tensions and global protectionism are being monitored at the same time as inflation expectations “ continue to represent risks for the de-inflation process”
The Central Bank of the Republic of Türkiye announced its decision regarding the policy rate.
The Central Bank of the Republic of Türkiye (TCMB) announced its interest rate decision for June. The Central Bank of the Republic of Turkey (TCMB) left the interest rate unchanged at 46 percent, in line with expectations. Here are the details...
The Central Bank of the Republic of Türkiye announced its fourth interest rate decision of the year.
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