The Turkish Central Bank maintained its key rate at 45% on Thursday, marking the end of its monetary tightening cycle as it announced last month after eight consecutive months of increases.
Last July, Turkey began a policy of raising interest rates in order to stem inflation, which remained established in January at around 65% year-on-year, according to the latest official statistics.
These, however, are denounced by independent economists who estimate that the increase in consumer prices is at least double.
A new governor of the Central Bank, former Amazon economist Fatih Karahan, was appointed at the beginning of the month to replace Hafize Gaye Erkan, the first woman in this position, who resigned after less than a year following accusations of benefits granted to her family, which she denied.