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Turkish central bank keeps rates steady

September 20, 2024 00:00:00


ISTANBUL, Sept 19 (Reuters): Turkey's central bank held its main interest rate steady at 50% for a sixth straight month on Thursday as expected, saying it remained highly attentive to inflation risks but removing a reference to potential tightening.

The bank said "monetary policy tools will be used effectively in case a significant and persistent deterioration in inflation is foreseen." In previous statements it had said its policy stance will be tightened if such a deterioration in inflation is foreseen.

The lira was little changed at 34.02 against the dollar after the decision.


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