The Turkish central bank left its benchmark rate unchanged at the first policy meeting under the governorship of Fatih Karahan after a slew of rate hikes, and signaled that the rate will be maintained at the current level or will be tightened further in case of persistent deterioration in the inflation outlook.
The Monetary Policy Committee of the Central Bank of the Republic of Turkey, or CBRT, decided to hold the policy rate at 45.00 percent on Thursday.
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by Renju Jaya
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