(RTTNews) – Turkey’s central bank has left its key interest rates unchanged for the third consecutive month, as expected.
The Monetary Policy Committee of the Central Bank of the Republic of Turkey, headed by Governor Murat Uysal, maintained the key rate, which is the one-week auction rate of reports, at 8.25% and to maintain liquidity measures.
The bank had cut the rate four times this year.The last relief occurred in May, when the rate cut 50 base points.
The bank stated that financial direction would be taken into account taking into account the signs of the underlying trend of inflation to ensure the continuation of the disinflationary process.
The economic recovery, which began in May after slow stages of normalization, is accelerating, the bank said.
Policymakers have noted that financial and fiscal measures taken to involve the negative effects of the coronavirus pandemic have contributed to economic recovery by supporting the economy’s production.