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FinancialNews
25-07-18
Turkey's central bank maintains one-week repo rate at 17.75 percent
(MENAFN) Turkey's Central Bank was declared to be maintaining its one-week repo rate, or policy rate, at 17.75 percent.
The announcement has been made by the Turkish Central Bank following its meeting of Monetary Policy Committee.
The bank has decided in its fifth meeting for a 1.25 percentage point increase, from 16.50 percent.
The bank stated "cost factors and volatility in food prices have been the main drivers of the recent upsurge in inflation."
It added "on the other hand, price increases have shown a generalized pattern across sub-sectors."
MENAFN2507201800450000ID1097197544
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