Turkish central bank holds rate steady
The Monetary Policy Committee (MPC), led by the new governor Sahap Kavcioglu, kept the one-week repo rate unchanged at 19 percent, the central bank said in a statement. That was in line with economists' expectations.
"Taking into account the high levels of inflation and inflation expectations, the current monetary policy stance will be maintained until the significant fall in the April Inflation Report's forecast path is achieved," the bank said. ■