Turkey’s central bank kept its policy rate at 14% for a fifth straight month on Thursday as expected, even with inflation set to rise beyond the current 70% as a fresh slide in the lira threatens to stoke prices further. The bank defended its policy decision saying it expects disinflation to start, citing base effects and an expected end to the conflict between Russia and Ukraine among other factors. “The Committee expects disinflation process to start on the back of strengthened measures for sustainable price and financial stability,” the bank said in its statement following its monthly monetary policy committee meeting. The lira, which has tumbled this year on top of a 44% slide last year
Hence then, the article about turkey s central bank holds its policy rate at 14 despite soaring inflation was published today ( ) and is available onGulf Times ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Turkey’s central bank holds its policy rate at 14% despite soaring inflation )