Turkish Central Bank keeps interest rates high as inflation weighs on economy
Turkish Central Bank keeps interest rates high as inflation weighs on economy Cornered by rising inflation and a weakening currency, Turkey’s Central Bank kept its benchmark interest rate steady at 19% on May 6 as policymakers await positive signals. Women sit next to an exchange office at Laleli in Istanbul, Turkey, March 22, 2021. - Bulent Kilic/AFP via Getty Images May 6, 2021 ISTANBUL — Turkey’s Central Bank policymakers kept interest rates steady May 6 for a second meeting in a row, seeking to keep them above the nation’s rising inflation and anchor the Turkish li...