Remains highly attentive to inflation risks (Il Sole 24 Ore Radiocor) - Ankara, 25 Apr - The Turkish central bank said its monetary policy committee has decided to keep the policy rate, the one-week repo auction rate, constant at 50%.

"The monetary policy decisions in March have led to a significant tightening in financial conditions," the central bank explained. "The effects of monetary tightening on credit conditions and domestic demand are closely monitored.

Considering the lagged effects of the monetary tightening, the Committee decided to keep the policy rate unchanged, but reiterated that it remains highly attentive to inflation risks. The tight monetary stance will be maintained until a significant and sustained decline in the underlying trend of monthly inflation is observed, and inflation expectations converge to the projected forecast range.".

AAA-Hob

(RADIOCOR) 25-04-24 14:47:53 (0461) 5 NNNN