CBRT holds main rate steady at 24%

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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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