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Turkey’s Central Bank keeps rates unchanged

by ChemOrbis Editorial Team - content@chemorbis.com
  • 24/12/2014 (17:59)
According to media reports, Turkey’s Central Bank kept its main interest rates unchanged on December 24 for a fourth consecutive month. The bank kept its repurchase rate steady at 8.25%, the overnight lending rate at 11.25% and the overnight borrowing rate at 7.5%.

The Bank stated that they are likely to maintain a tight monetary policy until there is a significant improvement in the inflation outlook. The bank expects the country’s inflation to fall to 6.1% in 2015.
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