Turkish central bank raises rates but hints tightening is over

CBRT
Photo: CBRT

The Turkish central bank’s monetary policy committee hinted strongly that it had ended its tightening cycle after raising the policy rate again on January 25.  

The Central Bank of the Republic of Turkey’s (CBRT) MPC raised the one-week repo auction rate from 42.5% to 45%. But real interest rates remain negative, as Turkey’s year-on-year inflation rose to 64.8% in December, according to figures from the official statistical agency. 

The move came shortly after some media outlets accused the

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