Central Bank of Turkey left accounting rate unchanged

The Central Bank of Turkey left the key rate at the level of 8.5 percent unchanged. The decision was published on Thursday following a meeting of the Council on Cash Policy of the Financial Regulator.

The regulator attracted attention to the preservation of factors contributing to the growth of the national economy.

The Central Bank noted that they carefully monitor the growth rate of lending and the effectiveness of the expenditure of financial resources.

At the same time, it is stated that ensuring the stability of the current account of the payment balance of Turkey in the long run is the importance for price stability in the country.

At the same time, the positive impact of tourism on the current account of the payment balance of Turkey applies to all quarters of the year.

The regulator assured that they would monitor the effects of the consequences of earthquakes on February 6 on the state of the economy in the first half of the year.