The Turkish central bank has again maintained the most important interest rate at 24 percent. The bank waits to move to a stabilization of the heavily weakened lira, it turned out Thursday.
In general, economists were already counting on maintaining the interest rate. It was the fifth policy meeting in a row at which the interest remained. The inflation rate in Turkey is currently moving at around 22 percent, well above the 5 percent target set by the bank. Furthermore, Turkey has to deal with high unemployment and rising food prices.