Turkish cenbank: indicators suggest sustained rise in inflation trend

Leading indicators for August suggest a sustained rise in the trend of inflation, the Turkish central bank said on Thursday in the minutes of last week's policy-setting meeting, where it left its key rate on hold.

ISTANBUL, Aug 27 (Reuters) - Leading indicators for August suggest a sustained rise in the trend of inflation, the Turkish central bank said on Thursday in the minutes of last week's policy-setting meeting, where it left its key rate on hold.

The bank said tightening steps in liquidity policies have led to an increase in loan and deposit rates, and loan growth has started to decelerate. As well as keeping the policy rate unchanged the bank decided to continue with liquidity measures.

(Reporting by Daren Butler, Editing by Jonathan Spicer)

((daren.butler@tr.com; +90-212-350 7053; Reuters Messaging: daren.butler.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More