16:13 - 17.10.2024

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October 17, Fineko/abc.az. The Monetary Policy Committee of the Central Bank of Türkiye decided to keep the interest rate at the same level of 50%, according to regulatorəs press release.

ABC.AZ reports that core inflation rose slightly in September. Meanwhile, the figures for Q3 indicate that domestic demand continues to slow down, approaching disinflationary levels. At that, inflation expectations and price behavior continue to pose risks to the disinflation process.

The press release notes that, taking into account the delayed effects of monetary policy tightening, the Committee will make its policy decisions in such a way as to create the monetary and financial conditions necessary to ensure reduction in core inflation and achieve inflation target of 5% in the medium-term prospect.