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  • 26-07-20

    Turkey's Central Bank remains interest rates stable

    (MENAFN) The Turkish Central Bank on July 23 held its one-week repo rate also known as the bank's policy rate unaffected at 8.25 percent, maintenance it stable for the second direct month.

    The resolution was declared in a statement subsequent to the bank's seventh Monetary Policy Committee (MCP) conference of 2020.

    The shift was in order with market anticipations, as foreign and local economists had both predictable no slash in interest rates.

    Peaking to coronavirus growths which considerably damaged worldwide growth in the second quarter, the bank statement stressed that in spite of a partial renewal in worldwide economic activity in the third quarter thanks to normalization steps, hesitation in the worldwide economic renewal stays elevated.

    MENAFN2607202000450000ID1100544964

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