Türkiye raises policy rate to 45 pct as predicted

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Türkiye raises policy rate to 45 pct as predicted

STORY: Türkiye raises policy rate to 45 pct as predicted SHOOTING TIME: Jan. 9, 2024/Nov. 30, 2023 DATELINE: Jan. 26, 2024 LENGTH: 00:01:14 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish central bank (Nov. 30, 2023) 2. various of Turkish lira (Nov. 30, 2023) 3. various of people at cashpoints in Türkiye (Jan. 9, 2024) 4. various of Turkish lira (Nov. 30, 2023) STORYLINE: The Turkish central bank on Thursday raised its key interest rate by 250 basis points to 45 percent, in line with market expectations. The central bank's monetary policy committee said in a statement that the level of monetary tightening required to establish disinflation has been reached. "Taking into account the lagged impact of monetary tightening, the committee assesses that the monetary tightness required to establish the disinflation course is achieved and that this level will be maintained as long as needed," the statement said. According to the statement, the committee assessed that the current policy rate le

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