Try refreshing your browser, or Turkey Holds Rates as Central Banker Bets Inflation Peaked Back to video Turkey’s central bank kept its benchmark interest rate unchanged for a second meeting on Thursday, pledging to maintain its “current” policy stance until there’s a significant drop in inflation. 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 to 17.1%, spurred on by a weak lira and rising global energy prices. But new bank Governor Sahap Kavcioglu predicted the pace of price gains had peaked and would now start dropping to 12.2% by the end of 2021.