YEREVAN, July 23. /ARKA/. The Monetary Policy Committee of the Central Bank of Turkey decided on July 23 to maintain the key interest rate at 37%. The regulator also kept the overnight lending rate at 40% and the overnight borrowing rate at 35.5%, according to Frank Media.
In May, inflation slightly slowed down due to rising global energy prices, notes the Turkish Central Bank, but despite this, prices remain volatile and high. This is exacerbated by geopolitical uncertainty. Additionally, data for the first quarter of 2026 indicate a slowdown in economic activity and a decrease in domestic demand. The regulator's intention is that a tight monetary policy will help reduce inflation in the future.
