Turkey Holds Rates Amid Inflation Concerns

Turkey's central bank has maintained its benchmark interest rate for the third consecutive meeting, despite persistent high inflation and a subdued economy. This decision reflects a cautious approach, balancing the need to control rising prices with concerns about dampening economic activity and demand for foreign currency. The pause in rate hikes suggests the bank is monitoring the effectiveness of previous monetary tightening measures and assessing the broader economic landscape. The ongoing geopolitical tensions, including the Iran war, likely contribute to the uncertainty influencing these policy decisions.