Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 18/08/2022 01:28 
17.06.2021 14:27 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%, in line with expectations.

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.
After the committee's sixth Monetary Policy Committee meeting this year, the bank said in a statement that "high levels of inflation expectations continue to pose risks to the pricing behavior and inflation outlook."
On the other hand, it added that it is monitoring the decelerating impact of monetary tightening on credit and domestic demand.
Taking this into account, it said its current tight monetary policy stance will be maintained decisively until the significant fall in inflation forecast in its April Inflation Report is achieved.
The bank "will continue to use decisively all available instruments in pursuit of the primary objective of price stability," it added.
In its April report, the bank raised the country's year-end inflation forecast for this year to 12.2%, up from 9.4% in its previous report.
It also hiked the inflation forecast for 2022 to 7.5%, up from 7%, while keeping the 5% target for 2023.
Turkey's annual inflation rate stands at 16.59% in May, down from 17.14% in April, according to the latest data from the Turkish Statistical Institute . -



        Latest News
Giuliani Mum After Appearing Before Georgia Grand Jury Probing Trump Election Conduct 4 minutes ago...
No word on whether Trump's personal lawyer pleaded fifth amendment.
Blast Rips Through Mosque In Afghan Capital, Casualties Feared 19 minutes ago...
Prayer leader of Abu Bakr Siddique Mosque in Kabul was target of attack that also killed and wounded seminary students, says local media.
Death Toll Rises To 26 In Algeria Due To Wildfires -11 minutes ago...
Authorities announce casualties due to flames burning through various areas in northeastern Algeria.
UN Rights Chief 'Deeply Concerned' Over Abuse Allegations In Bangladesh 4 minutes ago...
Michelle Bachelet also worried over safety of Rohingya refugees in camps.
Malaysian King Visits Turkish Defense Firm In Ankara -11 minutes ago...
On official visit, King Billah Shah, Turkish defense chief inspect production site of FNNS Defense Systems.

 
      Top News
Turkish Public Broadcaster Participates In Sarajevo Film Festival Turkish Public Broadcaster Participates In Sarajevo Film Festival
People From Any Part Of India Eligible To Vote In Kashmir Polls: Official People From Any Part Of India Eligible To Vote In Kashmir Polls: Official
India Denies Providing Homes To Rohingya In New Delhi India Denies Providing Homes To Rohingya In New Delhi
Famous German Director Wolfgang Petersen Dies At 81 Famous German Director Wolfgang Petersen Dies At 81
Turkish President, Malaysian King Meet In Ankara For Talks Turkish President, Malaysian King Meet In Ankara For Talks
Canada's Inflation Rate Eases To 7.6% In July Canada's Inflation Rate Eases To 7.6% In July
Tunisia Rescues 80 Irregular Migrants In Mediterranean Tunisia Rescues 80 Irregular Migrants In Mediterranean
Turkish, Ukrainian Defense Chiefs Discuss Grain Exports Turkish, Ukrainian Defense Chiefs Discuss Grain Exports
Diary Diary
Moscow Reopens Bond Markets To Investors From 'Non-Hostile Countries' Moscow Reopens Bond Markets To Investors From 'Non-Hostile Countries'