Turkey holds policy rate at 46% as inflation trend moderates
MPC maintains tight stance to anchor disinflation and restore price stability
Turkey’s central bank held its key policy rate at 46% yesterday (June 19), and kept the overnight lending and borrowing rates at 49% and 44.5% respectively.
The Central Bank of the Republic of Turkey (CBRT) cited a continued decline in the underlying trend of inflation, which began easing in May. It said its decision reflected its commitment to maintaining a tight monetary policy until a sustained disinflation process had taken hold.
Official figures showed that headline inflation had declined to
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