Turkish Central Bank holds key interest rate at 24 pct

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The Turkish Central Bank on Dec. 13 kept its the one-week repo rate – also known as the bank’s policy rate – constant at 24 percent.

“Recently released data show that the rebalancing trend in the economy has become more noticeable,” the bank said in a statement from its Monetary Policy Committee meeting.

Price increases have shown a generalized pattern across sub-sectors, reflecting the movements in exchange rates, it added.

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