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International Business Times
International Business Times
Business
Fulya OZERKAN

Turkey Central Bank Holds Key Interest Rate Steady

Recep Tayyip Erdoğan Turkey Inflation Mehmet Simsek Headache
Turkey's central bank holds its key interest rate steady at 50 percent (Credit: AFP)

Turkey's central bank held its key interest rate steady on Thursday but warned it could hike it again as the country's soaring inflation remains a headache for President Recep Tayyip Erdogan's government.

The central bank's monetary policy committee decided to keep the policy rate at 50 percent.

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