Turkey central bank keeps key interest rate unchanged ...Kuwait

Turkey's central bank on Thursday kept its key interest rate stable for the second month in a row even as the country is struggling with soaring inflation. The bank's monetary policy committee said it had decided to keep the policy rate constant at 50 percent but that it remains highly attentive to inflation risks. Ahead of the March 31 local elections, the central bank hiked its rate 45 percent to 50 percent as the inflation had become a constant headache for President Recep Tayyip Erdogan's government. Inflation reached 69.8 percent year-on-year in April - up from 68.5 percent in March, according to official data published in early May. The central bank said on Thu

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