Turkey's central bank on Thursday decided to leave its key interest rate unchanged at a record low as expected by economists.
The Monetary Policy Committee retained the one-week repo rate at 5.75 percent. The overnight lending rate was maintained at 11.5 percent and the borrowing rate at 5 percent.
In order to support financial stability, the MPC has approved an additional increase in the flexibility regarding the allowance to hold Turkish lira reserve requirements in foreign currency and gold.
It would be appropriate to preserve the flexibility of the monetary policy given the prevailing uncertainties regarding the global economy, the bank said.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.