Turkey holds rates for seventh consecutive time
Decision comes after monthly inflation ticked up in September
Turkey’s central bank held its key interest rate today (October 17), after monthly inflation edged up in September.
The Central Bank of the Republic of Turkey (CBRT) said it was holding its one-week repurchase auction rate at 50% because the pace at which inflation was falling remained uncertain. It added that inflation expectations and pricing behaviour threatened the disinflation process.
The CBRT said its tight monetary policy would moderate domestic demand and contribute to bringing down
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