13 Hrs
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الاقتصادية
Turkish Central Bank Keeps Rate at 37%
The Central Bank of Turkey has decided to keep the main interest rate unchanged at 37% for the fifth consecutive time, as part of monitoring the impact of rising energy prices and the war in Iran on inflation. Although the annual inflation rate slowed to 31.51% in August, the increase in oil and gas prices threatens the inflation reduction trajectory, reflecting higher import costs and hindering easing efforts. The bank expects inflation to reach 28% by the end of 2026, amid ongoing pressures from energy prices and regional policies, leading it to hold back on adjusting interest rates to face economic and inflation challenges.
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