Central Bank of the Republic of Trkiye maintained the interest rate stable at 50%, APA-Economics reports citing the Central Bank of Trkiye.

Note that the next decisions in connection with the discount rate will be made in such a way as to reduce the main trend of inflation and provide the monetary and financial conditions that will bring inflation to the target of 5 percent in the medium term.

Recall that the Central Bank previously increased the discount rate by 5 percentage points from 45% to 50%. The interest rate has been increased 8 times since last year.

Source: Azeri-Press News Agency