Thursday, March 20, 2008

Turkish Central Bank Leaves Key Rate Unchanged as Expected

"Turkish Central Bank Leaves Key Rate Unchanged as Expected

13:21 03/19 (CEP News) Montreal – As expected by a majority of economists, the Turkish Central Bank left its benchmark interest rate unchanged at 15.25%, citing global uncertainties and rising food and commodity prices possibly delaying the return of inflation to target.

Nevertheless, the current interest rate and slowing demand should be enough to bring the country's annual core CPI to 9.1% in February."

More:Canadian Economic Press - Welcome