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.
Turkish central bank keeps rates steady
FE Team | Published: September 19, 2024 22:47:21
Turkish central bank keeps rates steady
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