Turkey Holds Rates Again as Central Banker Bets Inflation Peaked Cagan Koc, Bloomberg News BC-Turkey-Holds-Rates-Again-as-Central-Banker-Bets-Inflation-Peaked , Cagan Koc (Bloomberg) -- Turkeyâs central bank kept its benchmark interest rate unchanged for a second meeting on Thursday after forecasting that inflation had reached its peak. The Monetary Policy Committee left its key rate at 19% as forecast by all analysts in a Bloomberg survey. Inflation accelerated for a seventh month in April, spurred on by a weak lira and rising global energy prices. But new bank Governor Sahap Kavcioglu predicted the pace of price gains would start dropping to 12.2% by the end of 2021.