Turkish Central Bank Keeps Rates Unchanged Amid Energy Prices Risk
22 Articles
22 Articles
Markets are focused on the Monetary Policy Committee meeting of the Central Bank of the Republic of Turkey, which will announce its interest rate decision today. While most economists expect the policy rate to remain unchanged, the interest rate path for the remainder of the year will also be closely watched.
The central bank keeps the rates intact despite the cooling of demand: energy and geopolitical pressure threaten deinflation again.
Turkey’s central bank keeps policy rate at 37 percent for 5th straight meeting - Turkish Minute
Turkey’s central bank left its benchmark interest rate unchanged at 37 percent for a fifth consecutive meeting on Thursday as energy prices fueled by the US war on Iran threatened to slow the decline in inflation, the state-run Anadolu news agency reported. The Monetary Policy Committee, led by Governor Fatih Karahan, kept the one-week repo […]
The Central Bank of Turkey kept its main interest rate unchanged at 37%, in line with expectations, as it balances slowing inflation with rising oil prices and weak domestic demand. At its meeting on Thursday, the Central Bank decided to maintain its benchmark interest rate, the one-week repo auction rate, at 37%, and its overnight lending rate at 40%. […] The article "Central Bank of Turkey Keeps Interest Rates Unchanged at 37%" was published i…
The decision reflects policymakers' wariness in balancing a slowdown in inflation with a sharp rise in oil prices.
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