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Turkey Central Bank Keeps Key Rate Unchanged at 37%
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The Central Bank of Turkey kept its key interest rate unchanged at 37% on Wednesday as expected, but warned that the impact of the war with Iran could still alter the inflation outlook. This marks the second consecutive policy meeting at which the central bank has left rates unchanged. The central bank also left its overnight lending and borrowing rates unchanged at 40% and 35.5%, respectively. Since the outbreak of the war in late February, the Central Bank of Turkey has halted the easing cycle that began at the end of 2024 and adopted additional liquidity measures, pushing the lira overnight rate up to the upper bound of 40%. (to/s) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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