Turkish central bank did not move the interest rate. It's still 46%

The Central Bank of Turkey (CBT) left the benchmark, one -week repo foot at 46 percent. – the bank informed in a press release. Analysts surveyed by the Bloomberg agency expected that interest rates would remain unchanged at 46 percent.

CBT said in a statement that increased inflation expectations remain a risk for a decrease in inflation. The bank added that the disinflation path remains uncertain.

During the previous meeting, the Central Bank raised the main percentage of by 350 pb. During the last cycle of foot reductions CBT lowered the benchmark foot. A total of 750 pb.

After 13.00 Turkish lira weakens in relation to the dollar – the USD/TRY exchange rate increases by 0.06 percent. up to 39,5597. The Turkish currency remains the weakest in relation to USD in history. This year, it weakened against the dollar by about 12 percent. (PAP Biznes)

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