Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 18/06/2021 06:42 
06.05.2021 14:42 News >> Turkey's Central Bank Keeps Interest Rates Steady

Turkey's Central Bank Keeps Interest Rates Steady

Policy rate, also known as 1 week repo rate, stays on course at 19%

Turkey's Central Bank on Thursday kept its one-week repo rate – also known as the policy rate – steady at 19%, in line with market expectations.
"Taking into account the high levels of inflation and inflation expectations, the current monetary policy stance will be maintained until the significant fall in the April Inflation Report forecast path is achieved," the bank's Monetary Policy Committee said in a statement.
Last week, the bank raised its year-end inflation forecast to 12.2% for this year. Inflation is expected to fluctuate between 10% and 14.4% through the end of 2021, it said.
The bank also raised the inflation forecast for 2022 to 7.5%, up from 7%, while keeping its target of 5% for 2023.
"The Central Bank will continue to decisively use all available instruments in pursuit of the primary objective of price stability," it said.
The statement stressed that the policy rate will be determined at a level above inflation to maintain a strong disinflationary effect until strong indicators point to a permanent fall in inflation and the medium-term 5% target is reached.
An Anadolu Agency survey on Monday found that a group of 27 economists expected no change in interest rates. -



        Latest News
Anadolu Agency's Morning Briefing - June 18, 2021 34 minutes ago...
Daily briefing on novel coronavirus pandemic worldwide, Turkey, other developments.
Pro-Haftar Militias Launch Anti-Terror Operation In Southern Libya -12 minutes ago...
Operation aimed at capturing terrorists, deporting African mercenaries who threaten security.
Green Initiatives Can Help Burkina Faso Recover From Pandemic: Minister 34 minutes ago...
Country has committed to restoring 5.16 million hectares of degraded land by 2030.
Israel To Allow Transfer Of Qatari Funds To Gaza Via UN 19 minutes ago...
Move will contribute to strengthening of calm between Palestinian factions, according to Israeli TV.
African Tourism Ministers To Work Together To Revitalize Industry -11 minutes ago...
Ministers endorse Windhoek Pledge geared at advocating ‘Brand Africa’

 
      Top News
South Sudan Launches 100M Tree Planting Campaign South Sudan Launches 100M Tree Planting Campaign
Israeli Police Arrest Imam Of Lid City's Grand Mosque Israeli Police Arrest Imam Of Lid City's Grand Mosque
Oil Slips Over Fed's Interest Rate Projections, Rising US Fuel Stocks Oil Slips Over Fed's Interest Rate Projections, Rising US Fuel Stocks
Ethiopia: Islamic Education Thrives, Expands Faith Ethiopia: Islamic Education Thrives, Expands Faith
Kenya Medics Decry Lack Of COVID Vaccines Kenya Medics Decry Lack Of COVID Vaccines
US Stocks Close Lower As Fed Eyes 2023 For Rate Hike US Stocks Close Lower As Fed Eyes 2023 For Rate Hike
Israeli Army Shoots Palestinian Youth In Head Israeli Army Shoots Palestinian Youth In Head
Turkey And Azerbaijan Ink Shusha Declaration To Further Boost Ties Turkey And Azerbaijan Ink Shusha Declaration To Further Boost Ties
France To Lift Masks Outdoors And Curfew, Return To Normal Life France To Lift Masks Outdoors And Curfew, Return To Normal Life
Plane Crash In Eastern DR Congo Kills 3: Report Plane Crash In Eastern DR Congo Kills 3: Report