Turkey's central bank left its key interest rate unchanged for the second straight month as inflation slowed notably from near 85.0 percent. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, or TCMB, decided to hold the policy rate at 9.00 percent. The outcome of the meeting widely matched expectations.
The bank has lowered the policy rate by a cumulative 500 basis points since last August.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.