Turkey holds rates on uncertain markets, volatile energy
May 20, 2015
By CentralBankNews.info
Turkey’s central bank maintained its policy rates, including the one-week repurchase rate at 7.50 percent, repeating its statement from recent months that its ongoing “cautious” monetary policy is having a favorable impact on inflation but uncertainty in global markets and volatile energy and food prices “makes it necessary to maintain the cautious stance in monetary policy.”
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