Central Bank IN

Turkey's central bank decided to take a measured step toward simplification as global volatility eased to some extent, reducing the need for a wide interest rate corridor, the bank said on March 25.

According to the bank, improvement in the underlying core inflation trend remains limited, necessitating the maintenance of a tight liquidity stance.      

The Central Bank announced on March 24 that it would hold key interest rates at their current levels, apart from the marginal funding rate.

Because of expectations that the U.S. Federal Reserves (Fed) will delay rate hikes and the European Central Bank will lower rates, an optimistic atmosphere is dominant in global markets. When small scale drops in the inflation rate are added to this, then we see that this atmosphere is also dominant in domestic markets.