Turkey's central bank decided to hold its benchmark interest rates on Thursday as policymakers vowed to maintain a tight policy stance until price stability is achieved.
The Monetary Policy Committee, governed by Yasar Fatih Karahan, decided to keep the one-week repo rate at 37.00 percent, as widely expected.
The committee also maintained the overnight lending rate and the overnight borrowing rate at 40.0 percent and 35.5 percent, respectively.
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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.