Turkey's central bank kept its key interest rate unchanged for a fifth consecutive session in Thursday and omitted its hawkish stance from the forward guidance, sending the lira further lower.
The Monetary Policy Committee, led by Governor Murat Cetinkaya, decided to keep the policy rate unchanged at 24 percent, the TCMB said in a statement. The decision was in line with economists' expectations.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.