Turkish Central Bank stops raising key rate
Read on the website Vestnik Kavkaza
The Central Bank of Türkiye did not want to change the key rate and left it at 45%. This decision was made at a meeting of the bank held on February 22.
Thus, the eight-month cycle of rate hikes started by the Central Bank last June has stopped.
Turkish key rate was last raised in January. Since then, it has remained at 45%. The regulator expects that inflation will almost halve and amount to 34% by the end of this year.