Turkey keeps benchmark interest rate unchanged at 14 pct

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Turkey keeps benchmark interest rate unchanged at 14 pct

STORY: Turkey keeps benchmark interest rate unchanged at 14 pct DATELINE: May 27, 2022 LENGTH: 00:01:09 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. exterior of Turkey's central bank 2. various of bank workers counting money 3. various of people shopping 4. various of building STORYLINE: Turkey's central bank kept its bench interest rate unchanged at 14 percent on Thursday despite the rising inflation. In a statement, the bank said it "will decisively continue to implement the strengthened macro policy set by taking additional measures." According to official figures, Turkey's annual inflation hit a record high of 69.97 percent in April amid rising energy and food prices. Moreover, the Turkish lira hit its lowest level since December to 16.4 against the U.S. dollar on Thursday ahead of the central bank meeting. The central bank has kept the bench interest rate unchanged since January, halting an easing cycle that sparked a currency slump in the latter half of 2021. The Turkish lira lost more

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