Turkey’s central bank surprised economists and investors on Thursday with a big rate rise as policymakers seek to cool runaway inflation and halt an accelerating capital flight among local savers.
The central bank increased its main interest rate by 5 percentage points to 50 per cent. Most economists had expected it to hold rates steady ahead of local elections on March 31, according to a poll by Reuters.
Policymakers cited a “deterioration in the inflation outlook”, adding that the “tight monetary stance will be maintained until a significant and sustained decline in the underlying trend of monthly inflation is observed”.
您已閱讀17%（628字），剩余83%（3066字）包含更多重要信息，訂閱以繼續(xù)探索完整內(nèi)容，并享受更多專屬服務(wù)。