LATEST NEWS: Turkey’s central bank holds interest rates stable
by ChemOrbis Editorial Team - content@chemorbis.com
According to an official statement, Turkey’s Central Bank decided maintain its one-week repo auction rate at 17% following the first meeting of the year held on January 21, 2021.
The following statement has been made after the bank’s meeting: “Although the downward effects of the pandemic-related restrictions on the economy are more confined compared to the second quarter of last year, the slowdown in activity in services and related sectors and uncertainties surrounding the short-run outlook of these sectors prevail.”
The Central Bank had increased its policy rates to 17% from 15% in the last meeting of last year.
The following statement has been made after the bank’s meeting: “Although the downward effects of the pandemic-related restrictions on the economy are more confined compared to the second quarter of last year, the slowdown in activity in services and related sectors and uncertainties surrounding the short-run outlook of these sectors prevail.”
The Central Bank had increased its policy rates to 17% from 15% in the last meeting of last year.
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