Global Analysis from the European Perspective. Preparing for the world of tomorrow

Turkey c-bank raises policy rate to 19%

Turkey’s central bank said on Thursday it decided to raise its one-week repo rate from 17% to 19% and that additional monetary tightening will be delivered if needed.

Considering the upside risks to inflation expectations, pricing behavior and the medium-term inflation outlook associated with these developments, the Monetary Policy Committee has decided to implement a front-loaded and strong additional monetary tightening, the central bank said. Source Seenews

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