Türkiye leaves interest rates unchanged, matching forecasts
Türkiye's Central Bank held the benchmark one-week repo rate steady at 50% for the sixth consecutive meeting, aligning with economists' expectations. The bank emphasized its commitment to a tight monetary policy to combat inflationary risks, stating that this stance will continue until there is a significant and sustained decline in monthly inflation trends and inflation expectations align with forecasts.
- Economy
- Anadolu Agency
- Published Date: 02:28 | 19 September 2024
- Modified Date: 02:31 | 19 September 2024
Türkiye's Central Bank on Thursday left the benchmark one-week repo rate unchanged at 50% for the sixth straight meeting, in line with economists' expectations.
The bank reiterated its cautious stance against inflationary risks.
"The tight monetary stance will be maintained until a significant and sustained decline in the underlying trend of monthly inflation is observed, and inflation expectations converge to the projected forecast range," the bank said in a statement.
Türkiye's annual consumer inflation eased to 51.97% in August, the lowest since July 2023. On month-on-month basis, the consumer prices index rose 2.47% in August, slowing from July's 3.23%.
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