Turkey's Central Bank holds policy rate constant
Policy rate, also known as one-week repo rate, remains same at 24 pct
By Tuba Sahin
The Turkish Central Bank on Thursday kept
"Recently released data show that the rebalancing trend in the economy has become more noticeable," the bank said in a statement from its Monetary Policy Committee meeting.
Price increases have shown a generalized pattern across sub-sectors, reflecting the movements in exchange rates, it added.
Thursday's committee meeting is the last of eight meetings scheduled for 2018.
At its last meeting, on Oct. 25, the bank also kept interest rates unchanged, after hiking its policy rate by 625 base points, up from 17.75 percent to 24 percent, on Sept. 13.Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.