BİZE ULAŞIN
Istanbul, March 17 (DHA) - Central Bank of Turkey's Monetary Policy Committee has decided to keep the policy rate unchanged at 7.50 percent, as expected.
The Committee also kept short term rates unchanged, marginal funding rate at 10.25 percent, the interest rate on borrowing facilities provided for primary dealers via repo transactions at 10.75 percent, and borrowing rate at 7.25 percent, said in the statement released by the Central Bank on Tuesday.
"Uncertainty in global markets and elevated food prices necessitates maintaining the cautious stance in monetary policy. Accordingly, the Committee decided to keep the interest rates at current levels" Central Bank said.
Future monetary policy decisions would be conditional on the improvements in the inflation outlook, the Central Bank added. "Inflation expectations, pricing behavior and other factors that affect inflation will be monitored closely and the cautious monetary policy stance will be maintained, by keeping a flat yield curve, until there is a significant improvement in the inflation outlook."
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