FXStreet (Edinburgh) – The Turkish central bank (CBRT) has left intact its benchmark rates at today’s meeting: One-week Repo Rate at 7.50%, Borrowing Rate at 7.25% and the Marginal Funding Rate at 10.75%. The decision fell in line with previous estimates.
The central bank keeps expecting the exports sector to increase its participation in the composition of the domestic economic growth.
It has also added that lower energy prices have been positively impacting on inflation figures, while improvement in core prices remain delayed by the performance of the exchange rate.
The CBRT has stressed that the inflation outlook will thus remain key in the future determination of the monetary policy.
(Market News Provided by FXstreet)