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In Foreign Affairs

Turkish interest rates remain unchanged

26th April 2019

Turkish interest rates remain unchanged Pin It

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.

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