Turkish central bank sticks to high interest rates after inflation rise ...Qatar

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Turkey’s central bank held its key interest rate steady at 19% as expected yesterday and repeated a pledge to keep it above inflation, which the bank expects to cool after having risen beyond 17% as the lira depreciated. The lira has shed 13% since mid-March. But the currency edged up slightly after the central bank said it will maintain its current stance until inflation falls according to a forecast published last week, in which it predicted price pressure would ease beginning this month. The central bank also said that past rate hikes – including as recently as in March – have begun to cool demand in the economy. It also dropped a reference made in April’s policy statement to “maintain t

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Last updated : 07 May 2021 clock 02:30 AM

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Turkish central bank sticks to high interest rates after inflation rise ...Qatar

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