Turkish Monetary Policy Left Unchanged

August 24, 2010

After meeting on August 19, officials at the Central Bank of the Republic of Turkey kept the one-week repo rate steady at 7.0%, reiterated that it would be necessary to maintain policy rates at current levels for some time and to keep them at low levels for a long period, and released a a statement that talked of significant risks to the global outlook, a partial slowdown in net external demand, and persistent unused resources in Turkey.

Copyright Larry Greenberg 2010.

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