Turkish central bank keeps interest rates on hold for 7th month

Turkish central bank

© APA | Turkish central bank

# 21 July 2022 15:25 (UTC +04:00)

Turkey's central bank held its policy rate unchanged for a seventh straight month on Thursday, APA reports citing Daily Sabah.

The one-week repo rate has been kept at 14% since January when the Central Bank of the Republic of Turkey (CBRT) paused an easing cycle after its cuts totaling 500 basis points since September last year.

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THE OPERATION IS BEING PERFORMED