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  • 15-07-21

    Turkey's Central Bank decides to maintain policy rate at 19 percent

    (MENAFN)Turkey's Central Bank reserved its one-week repo volume stable at 19 percent, corresponding to market estimations.

    "The strong recovery in the global demand, increasing trend of commodity prices, supply constraints in some sectors and the rise in transportation costs have led to producer and consumer price increases internationally," stated the bank, following the committee's seventh Monetary Policy Committee meeting of the year.

    It further declared that "The effects of the rising global inflation and inflation expectations on international financial markets remain significant."

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