19 January 2023

Turkish Central Bank Maintains Interest Rate at 9 Percent

International and Arabic
  • QNA_TURKIA-BANK0170202022

Ankara, January 19 (QNA) - The Central Bank of the Republic of Turkey (TCMB) decided on Thursday to maintain the interest rate at 9 percent on Repurchase agreement (RP) for a week.
Inflation rates and trends have started to improve in Turkey, supported by the comprehensive policies the country is pursuing, TCMB pointed out in a statement.
It affirmed that all tools will be decisively utilized, pending construction of solid indicators that show permanent reduction of inflation, in a step that is consistent with the key objective of price stability.
In the past, Turkish President Recep Tayyip Erdogan hoped that TCMB's monetary policy committee would embark upon reducing interest rate, and go down the price to single digits by the end of 2022. (QNA)


Economy, International
Cookies help us improve your website experience.
By using our website, you agree to our use of cookies.