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ANKARA (dpa-AFX) - Turkey's central bank decided to leave its benchmark rate unchanged on Thursday, as expected, and underscored the need to maintain the tight monetary stance.The Monetary Policy
The Central Bank of the Republic of Turkey (CBRT) has announced its interest rate decision for the month of May. The committee, which kept the interest rate at 50 percent last month, has once again maintained the rate at 50 percent.
Turkey's central bank decided to leave its benchmark rate unchanged on Thursday, as expected, and underscored the need to maintain the tight monetary stance. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, or CBRT, governed by Yasar Fatih Karahan decided to maintain the policy rate at 50.