Turkey’s Central Bank keeps its policy interest rate steady at 8.25 percent

The central bank held its policy interest rate steady at 8.25 percent. The bank stressed that it was holding interest rates steady because of the upward trend in inflation.

The central bank pointed out the rise in inflation and announced that it was keeping interest rates steady in order to prevent this from posing a risk in the coming period.

The bank also said that the crisis had deepened in the second quarter of the year, while the normalization steps taken by countries in the third quarter showed a recovery in economies.

The bank also shared following statement: “The recovery that began in May is gaining strength with gradual normalization steps in economic activity.”