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Turkey’s central bank holds interest rates unchanged

by ChemOrbis Editorial Team -
  • 23/07/2015 (18:07)
According to media reports, Turkey’s Central Bank kept its main rates unchanged for a fifth consecutive month on July 23. The bank’s decision not to change its interest rates was in line with analysts’ expectations. The central bank reportedly aims to maintain its cautious stance in monetary policy because of a lack of improvement in inflation indicators, volatile energy and food prices as well as uncertainty in global markets.

The bank held its one week repo rate unchanged at 7.50%, its overnight lending rate at 10.75% and its overnight borrowing rate at 7.25%.
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