The Turkish Central Bank, following a Monetary Policy Committee meeting on Thursday, has decided to keep interest rates unchanged at an annual rate of 50%.
This decision aligns with expert and analyst expectations, reaffirming the central bank's commitment to continuously monitor inflation trends and its underlying direction.
In its statement, the Central Bank noted a slight increase in the core inflation trend in September. Indicators from the third quarter of 2024 also show that domestic demand continues to slow down, approaching a level that is expected to support a decrease in inflation rates.
In March of this year, the Turkish Central Bank had raised the interest rate to 50% annually as a measure to combat inflation in the country.
In the currency market, as of 3:30 PM Moscow time, the US dollar was trading at 34.1544 Turkish Lira, marking a 0.06% decrease from the previous settlement.
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