Turkey holds policy rates steady despite rising inflation
Monetary policy committee keeps interest rates steady
Turkey's central bank left its policy rate unchanged today (December 22), despite inflation rising further above its target level.
Turkey's one-week repo rate was left at 7.5%, the level it has been at since February. Annual inflation rose to 8.1% in November, up from the previous month's 7.58%, and above the central bank's target of 5.0%.
The central bank also left its overnight interest rates unchanged, with the marginal funding rate at 10.75% and the borrowing rate at 7.25%. The late
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