Turkish central bank keeps policy rate unchanged at 50 pct

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Turkish central bank keeps policy rate unchanged at 50 pct

STORY: Turkish central bank keeps policy rate unchanged at 50 pct SHOOTING TIME: Earlier footage DATELINE: April 26, 2024 LENGTH: 00:01:04 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish Central Bank 2. various of Turkish lira STORYLINE: Türkiye's central bank on Thursday kept its interest rate unchanged at 50 percent, saying that the monetary policy decisions in March have led to a significant tightening in financial conditions. "Considering the lagged effects of the monetary tightening, the committee decided to keep the policy rate unchanged, but reiterated that it remains highly attentive to inflation risks," the bank said in a statement, adding that it will maintain the tight monetary stance until a significant and sustained decline in monthly inflation is observed. Despite the ongoing decline, the underlying trend of monthly inflation in March was higher than expected, the statement said. "While imports of consumer goods and gold contribute to the improvement in the current

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