CBRT leaves policy rate (one-week repo auction rate) unchanged at 24% as expeted


In a widely expected decision, the Central Bank of the Republic of Turkey (CBRT) today announced that it kept the policy rate (one-week repo auction rate) constant at 24%. 

Key takeaways from the press release

  • Recently released data show that rebalancing trend in the economy has continued.
  • Developments in domestic demand conditions and the tight monetary policy support disinflation.
  • In order to contain the risks to the pricing behavior and to reinforce the disinflation process, the Committee has decided to maintain the tight monetary policy stance.
  • Factors affecting inflation will be closely monitored and, monetary stance will be determined to keep inflation in line with the targeted path.
  • It should be emphasized that any new data or information may lead the Committee to revise its stance.

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