Turkey's central bank keeps interest rate unchanged at 14 pct

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Turkey's central bank keeps interest rate unchanged at 14 pct

STORY: Turkey's central bank keeps interest rate unchanged at 14 pct DATELINE: March 18, 2022 LENGTH: 00:01:34 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish central bank 2. various of bank notes STORYLINE: The Monetary Policy Committee of Turkey's central bank on Thursday decided to keep the policy rate constant at 14 percent. The committee released a statement on Thursday, saying it "expects the disinflation process to start on the back of measures taken and decisively pursued for sustainable price and financial stability along with the decline in inflation owing to the base effect and the resolution of the ongoing regional conflict." "Accordingly, the committee has decided to keep the policy rate unchanged," said the statement. The policy rate has been standing at 14 percent in Turkey since the meeting of the committee in December 2021. Xinhua News Agency correspondents reporting from Ankara. (XHTV)

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