Turkey central bank holds rate at 19% after inflation jump ...Qatar

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Turkey central bank holds rate at 19% after inflation jump
Turkey’s central bank held its key interest rate steady at 19% as expected on Thursday and repeated a pledge for tight policy, saying the high level of inflation expectations posed a risk on pricing behaviour after inflation jumped to a two-year high. In a Reuters poll, all 18 economists forecast the bank would keep its one-week policy rate unchanged on Thursday, while most expected it to start easing in the fourth quarter. “The policy rate will continue to be determined at a level above inflation to maintain a strong disinflationary effect until strong indicators point to a permanent fall in inflation,” the bank said after its monetary policy committee meeting. Annual inflation climbed to

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