ANKARA
The Central Bank of Turkey has left all key rates on hold in its latest monetary policy meeting, linking future decisions to improvements in the inflation outlook.
According to a statement from the bank on Thursday, at its July monetary policy meeting it held the one-week repo rate at 7.50 percent, the marginal funding rate at 10.75 and the borrowing rate at 7.25 percent in line with market forecasts which see no change in rates.
The bank pointed out that loan growth kept reasonable pace in line with tight monetary policy and macro prudential measures, contributing to an improvement in the current account balance.
Future monetary policy decisions will be conditional on improvements in the inflation outlook, the bank said.
