The Central Bank of Turkey, at the end of its meeting on Thursday, announced it had kept the weekly repo rate at 24%, finversia.ru writes. The decision of the Central Bank coincided with the expectations of most economists. The regulator noted that a significant increase in the rate at the previous meeting at 6.25 percentage points contributed to the restoration of some losses of lira. Since the beginning of this year, the rate has been raised by 11.25 percentage points. The Central Bank intends to continue to closely monitor the inflation forecast until its significant improvement, and so far will adhere to tight monetary policy.
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