CYPRUS MIRROR
reading time: 2 min.

The Central Bank of Turkey kept the policy rate unchanged at 9 percent.

The Central Bank of Turkey kept the policy rate unchanged at 9 percent.

The Central Bank of the Republic of Turkey kept the policy rate unchanged at 9 percent.

Publish Date: 19/01/23 13:15
reading time: 2 min.
The Central Bank of Turkey kept the policy rate unchanged at 9 percent.
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The Central Bank of the Republic of Turkey (CBRT) kept the policy rate at 9 percent in the first meeting of the year, in line with market expectations. In the last meeting, the CBRT did not use the statement that the current policy rate, which was included in the resolution text, is sufficient. In the resolution text of the January meeting, the CBRT stated that improvements in inflation had begun to be seen.

The Central Bank of the Republic of Turkey (CBRT) kept the policy rate constant at 9 percent.

In the CBRT decision text, he stated that improvements in the level and trend of inflation started to be seen with the support of the integrated policies implemented to strengthen sustainable price stability and financial stability.

Stating that the effects of declining foreign demand on total demand conditions and production are closely monitored, the CBRT states that it is critical that financial conditions be supportive in terms of sustaining the acceleration in industrial production and the upward trend in employment, as well as the sustainability of structural gains in supply and investment capacity, in a period when uncertainties regarding global growth and geopolitical risks increase. stressed that.

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