Turkiye Central Bank has kept the interest rate unchanged at 50 percent on repurchase (repo) operations for one week. The Monetary Policy Committee of the Turkiye Central Bank said in a statement that it had decided to keep the interest rate unchanged, and that the tight monetary policy stance would be maintained until a significant and lasting decline in the basic trend of monthly inflation is achieved. It added that although the main trend of monthly inflation in July rose slightly compared to the previous month, it remained below the average of the second quarter, noting that indicators in the third quarter note that domestic demand continues to slow, and that its inflationary impact is decreasing. The committee said that commodity inflation is decreasing, while the improvement in service inflation will be delayed slightly, indicating that the main trend of monthly inflation will decline with the continuation of the tight monetary policy stance. It noted that the bank would maintain a tight monetary po licy stance until achieving a significant and lasting decline in the underlying trend in monthly inflation and convergence in expectations, stressing that it will firmly use all available tools to achieve the main goal of price stability. Source: Qatar News Agency
Related Posts
Oil Prices Drop to Lowest Levels Since Early June
Oil prices fell to their lowest levels since early June today, as worries over Chinese demand outweighed expectations of declining crude and petroleum product inventories in the United States.
Brent crude futures decreased by 77 cents, or 0.97 percen…
Governor of Qatar Central Bank: Raising Competitiveness of Qatari Financial Markets Rely on Latest Technological Methods
Doha: HE Governor of Qatar Central Bank (QCB) and Board Chairman of the Qatar Financial Markets Authority (QFMA) Sheikh Bandar bin Mohammed bin Saoud Al-Thani said that raising the competitiveness of the Qatari financial markets rely on the latest tec…
Galley Equipment Market Report 2021-2026
Published by Newstrail According to the latest report by IMARC Group, titled “Galley Equipment Market: Global Industry Trends, Share, Size,…