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Thursday, April 24, 2014

UPDATE 2-Turkey central bank ignores political pressure for rate cuts in view of high inflation | Reuters

UPDATE 2-Turkey central bank ignores political pressure for rate cuts in view of high inflation

Thu Apr 24, 2014 9:23pm IST

By Seda Sezer and Daren Butler

ISTANBUL, April 24 (Reuters) - Turkey's central bank kept its main interest rates on hold on Thursday, ignoring political pressure for cuts to the extent of saying it will keep monetary policy tight until the inflation outlook improves significantly.

More:UPDATE 2-Turkey central bank ignores political pressure for rate cuts in view of high inflation | Reuters