CBRT holds main rate steady at 24%
Turkish central bank keeps rates high as signs emerge of a “rebalancing trend” in the economy
The Central Bank of the Republic of Turkey (CBRT) has kept its headline interest rate unchanged, maintaining the high implemented in the wake of 2018’s lira crisis.
Policy-makers chose today (January 16) to keep the one-week repo rate steady at 24%. “Recently released data show that rebalancing trend in the economy has become more noticeable,” the central bank said in its post-meeting statement. “External demand maintains its strength while the slowdown in economic activity continues, partly
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