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FinancialNews


  • 29-05-22

    Turkish Central Bank monitors outcomes of inflation, worldwide economic markets

    (MENAFN) On Thursday, the Turkish Central Bank kept its one-week repo rate, also identified as the policy rate, unaffected at 14 percent, in keeping with market outlooks.

    In an announcement, the central bank stated that it carefully monitors the outcomes of high costs internationally on inflation anticipations and worldwide economic markets.

    The announcement stated that "Increasing concern over global food security driven by trade restrictions, high course of commodity prices, supply constraints in some sectors that have become more evident particularly in energy and food, and high transportation costs have led to producer and consumer price increases internationally."

    As shown by Turkstat Turkey’s yearly customer inflation score a new record high at 69.97 percent last month.

    The central bank's most recent interest rate alteration came in December last year when it declined its policy rate by 100 basis points from 15 percent to 14 percent.

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