The Turkish central bank is leaving its interest rate unchanged at 50 percent, according to an interest rate decision. The decision was in line with market expectations.
The interest rate in Turkey, whose economy has been characterized by exceptionally high inflation for some time, has been at 50 percent for half a year.
Inflation in Turkey fell by 10 percentage points to 52 percent in August, but still remains clearly above the 38 percent that the central bank is aiming for by the end of 2024.
Turkey's inflation target is 5 percent.
