The Central Bank of the Republic of Türkiye held its one-week repo rate at 50.00% at its October 2024 monetary policy meeting, maintaining the rate at the level it has held since March 2024.
Annual consumer price inflation in Turkey stood at 49.4% in September 2024.
POLICY STATEMENT
The CBRT reiterated its commitment to disinflation in its October statement, stating that the tight monetary stance would be maintained until a significant and sustained decline in the underlying trend of monthly inflation is observed and inflation expectations converge to the projected forecast range.