Turkish central bank maintains 24 percent as policy rate


(MENAFN) Turkey's central bank was announced to have decided on Wednesday to maintain its policy rate unchanged.

The Turkish Central Bank (CBRT) reached an agreement to set 24 percent as its one-week repo rate.

It comes as the central bank carried out last year nine MPC talks with interest rates jumping to reach 24 percent from the previous 8 percent in a single year.

An economist, according to Anadolu Agency, forecast the policy rate to drop by 1.50 percent, while other analysts expected stability.

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