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Turkey’s central bank left its key interest rates unchanged, with the Monetary Policy Committee holding the policy rate at 37.0 percent. The decision was made amid concerns about how geopolitical developments could affect the inflation outlook.
Turkey’s central bank kept its benchmark one-week repo rate unchanged at 37.0%. It said high energy prices linked to the war in Iran continue to pose upside risks to inflation. The bank last cut its key rate in January.
Turkey’s central bank left its key interest rate at 37% on Thursday, unchanged for a fifth consecutive meeting. The decision came as it monitors the inflation impact of the Iran war.