Turkey keeps interest rates flat

Central bank says monetary policy may tighten if inflation worsens

The Central Bank of the Republic of Turkey
Photo: CBRT

The Turkish central bank held its key policy rate flat at 50% on April 25 even as inflation rose last month.

The Central Bank of the Republic of Turkey (CBRT) said the trend of inflation in March was higher than expected with service and food prices inflation being difficult to control.

The central bank previously raised its policy rate by 500 basis points on March 21.

It did not rule out a further interest rate increase if inflation is expected to deteriorate and said the tightness will last until

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