Burhan Yuksekkas and Cagan Koc write for Al Jazeera: Turkey’s central bank kept its benchmark interest rate unchanged for a fourth month on Wednesday, as rising prices and a weakening lira blight the economy’s recovery from pandemic lockdowns.
read analysis: Turkey’s central bank leaves interest rates unchanged | Business and Economy News | Al Jazeera
![Turkey's central bank said on Wednesday that it will maintain its current monetary stance until a significant drop in price growth, and warned of 'possible volatility' in inflation during the summer as the economy reopens [File: Murad Sezer/Reuters]](https://www.aljazeera.com/wp-content/uploads/2020/10/2020-10-22T130202Z_514964428_RC2PNJ93D2TY_RTRMADP_3_TURKEY-CENBANK-RATES.jpg?resize=770%2C513)
Turkey’s central bank said on Wednesday that it will maintain its current monetary stance until a significant drop in price growth, and warned of ‘possible volatility’ in inflation during the summer as the economy reopens [File: Murad Sezer/Reuters]