Turkey holds key rate at 19 percent ...Kuwait

Turkey will keep its main interest rate at 19 percent, as inflations of the Turkish lira rises. Turkey's central bank on Thursday held its main interest rate at 19 percent while hinting that it may be lowered in the months to come. The bank removed a key reference from its monthly statement promising high rates to fight inflation "for an extended period". It said instead that "the current monetary policy stance will be maintained until the significant fall in (inflation expectations) is achieved".  The Turkish lira remained unchanged at around 8.31 to the dollar after the announcement. Turkey's annual inflation rate has edged up to 17.1 percent and is expected to keep growing for some months

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