Turkey keeps benchmark interest rate unchanged for sixth straight month

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Turkey keeps benchmark interest rate unchanged for sixth straight month

STORY: Turkey keeps benchmark interest rate unchanged for sixth straight month DATELINE: June 24, 2022 LENGTH: 00:01:08 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. exterior of Turkey's central bank 2. various of bank workers counting money 3. various of street views in Turkey 4. various of people shopping STORYLINE: Turkey's central bank kept its benchmark interest rate unchanged at 14 percent for a sixth straight month on Thursday despite the rising inflation. While the share of sustainable components of economic growth increases with tourism-related improvements, risks on current account balance due to energy prices continue, the central bank's Monetary Policy Committee (MPC) said in a statement. "Credit growth and allocation of funds for real economic activity purposes are closely monitored. The committee will continue to implement the strengthened macroprudential policy set decisively and take additional measures when needed," the statement said. The committee expects the "disinflation process t

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