Turkish Central Bank Says It Plans to Keep Policy Tight on Inflation Risk
By Steve Bryant - Dec 22, 2011 7:34 AM ET
Turkey’s central bank kept its benchmark interest rate unchanged for a fifth month and said it will keep bank borrowing costs high to restrain inflation and slow credit growth.
The central bank held the one-week repo rate at 5.75 percent today, according to a statement on the website of the Ankara-based institution. That matched the estimate of all 13 economists surveyed by Bloomberg. The bank will release minutes of the meeting within five working days.
More:Turkish Central Bank Says It Plans to Keep Policy Tight on Inflation Risk - Bloomberg
