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Central Bank of Türkiye keeps policy rate at 37 percent
The Central Bank of the Republic of Türkiye (TCMB) has decided to keep its policy rate unchanged at 37 percent during its September meeting. Other key rates, including the overnight lending rate at 40 percent and the overnight borrowing rate at 35.5 percent, also remain unchanged.
In a statement, the Monetary Policy Committee noted that while recent inflation data and leading indicators suggest a decline in the underlying inflation trend, geopolitical developments causing high energy prices pose an upward risk to the inflation outlook. The bank emphasized that a tight monetary policy stance will be maintained until price stability is achieved, with future decisions being made on a meeting-by-meeting basis.
TCMB President Fatih Karahan noted that annual inflation fell to 31.5 percent in August, though supply shocks continue to impact headline inflation. Meanwhile, market participants' year-end consumer inflation expectations have risen slightly to 29.61 percent. In response to the decision, DENIB President Osman Uğurlu supported the fight against inflation but called for easier access to financing for the export and production sectors to maintain competitiveness.
Entities
Central Bank of the Republic of Türkiye · Denizli Exporters' Association · Fatih Karahan · Federal Reserve Bank of New York · Istanbul · Mehmet Şimşek · Monetary Policy Committee · Osman Uğurlu · Para Politikası Kurulu · Turkey · Türkiye Cumhuriyet Merkez Bankası
Claims
What the coverage asserts, and how many sources carry each claim.
- [DISPUTED] The TCMB kept the policy rate at 37 percent. www.bogazgazetesi.com.tr · www.gazetepusula.net · www.aydinpost.com · epochtimestr.com · www.yorumla.net · +14 more
- [● 15 SOURCES] The TCMB will adjust interest rates based on inflation data and expectations to ensure necessary tightness. www.bogazgazetesi.com.tr · www.gazetepusula.net · www.aydinpost.com · epochtimestr.com · www.yorumla.net · +9 more
- [● 19 SOURCES] The overnight lending rate was kept at 40 percent and the overnight borrowing rate at 35.5 percent. www.bogazgazetesi.com.tr · www.gazetepusula.net · www.aydinpost.com · epochtimestr.com · www.yorumla.net · +13 more
- [● 19 SOURCES] Recent inflation data and leading indicators suggest the main trend of inflation is declining. www.bogazgazetesi.com.tr · www.gazetepusula.net · www.aydinpost.com · epochtimestr.com · www.yorumla.net · +13 more
- [● 18 SOURCES] High energy prices resulting from geopolitical developments pose an upward risk to inflation. www.bogazgazetesi.com.tr · www.gazetepusula.net · www.aydinpost.com · epochtimestr.com · www.yorumla.net · +12 more
- [● 12 SOURCES] The overnight lending rate was held at 40 percent and the overnight borrowing rate at 35.5 percent. www.bogazgazetesi.com.tr · www.gazetepusula.net · www.aydinpost.com · epochtimestr.com · www.yorumla.net · +6 more
- [● 16 SOURCES] High energy prices due to geopolitical developments pose an upward risk to inflation. www.bogazgazetesi.com.tr · www.gazetepusula.net · www.aydinpost.com · epochtimestr.com · www.yorumla.net · +10 more
- [● 19 SOURCES] The TCMB will adjust policy rates based on inflation data and expectations to ensure necessary tightness for disinflation. www.bogazgazetesi.com.tr · www.gazetepusula.net · www.aydinpost.com · epochtimestr.com · www.yorumla.net · +13 more
- [● 19 SOURCES] The TCMB kept the one-week repo auction rate at 37 percent. www.bogazgazetesi.com.tr · www.gazetepusula.net · www.aydinpost.com · epochtimestr.com · www.yorumla.net · +13 more
- [● 4 SOURCES] The medium-term objective is to bring inflation down to a 5 percent target. www.bogazgazetesi.com.tr · www.yenikiroba.com · www.haberaktuel.com · bazaartimes.com
- [● 2 SOURCES] Annual inflation decreased to 31.5 percent in August. baskentgazete.com.tr · anlatilaninotesi.com.tr
- [○ 1 SOURCE] Market participants' year-end consumer inflation expectations rose to 29.61 percent. www.cnbce.com